Modern Land (01107) Announces 2023 Results with Owner-Attributable Loss of Approximately HK$14.313 Billion, Up 221.37% Year-on-Year
Stock News
Sep 30
Modern Land (01107) announced its 2023 results, reporting revenue of approximately HK$5.704 billion, representing a year-on-year increase of 1.78%. The company recorded a loss attributable to owners of approximately HK$14.313 billion, up 221.37% year-on-year, with loss per share of 512.1 cents. According to the announcement, the revenue growth was primarily attributable to an increase in average selling prices, which led to property sales revenue rising by approximately HK$180 million during the period.
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