Core Viewpoint - Kingwell International (00009) reported a significant decrease in revenue for the fiscal year 2024, primarily due to the forced termination of leases as per court orders, while achieving a net profit turnaround [1] Financial Performance - Revenue for 2024 was HKD 455,000, representing a year-on-year decrease of 98.83% [1] - Net profit was approximately HKD 615 million, marking a return to profitability compared to the previous year [1] - Earnings per share stood at HKD 0.1722 [1] Operational Insights - The decline in revenue was attributed to the court-mandated termination of leases at the beginning of 2024 [1] - Property sales did not contribute to total revenue as the completion of the townhouse project is expected by mid-2024, contrasting with HKD 21.165 million in revenue from property sales in 2023 [1]
金奥国际公布2024年业绩 净溢利约6.15亿港元同比扭亏为盈