Wang On Properties Ltd. (HK:1243) has released an update.
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Wang On Properties Ltd. reported a substantial growth in contracted sales, soaring 86% year-on-year to HK$1,247 million for the six months ending September 2024. Despite a revenue increase of 54% to HK$442 million, the profit attributable to shareholders plummeted by 64%, highlighting underlying cost concerns. The company’s net asset value saw a modest rise, reflecting a stable financial position amidst fluctuating earnings.
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