Summary by Moomoo AI
PEARL KWONG HOLDINGS GROUP LIMITED (THE “COMPANY”) ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. THE COMPANY AND ITS SUBSIDIARIES (THE “GROUP”) OPERATING DIVISIONAL REVENUES INCLUDE PROPERTY DEVELOPMENT, PROJECT MANAGEMENT SERVICES AND PROPERTY INVESTMENT AND HOTEL OPERATIONS. Full-year consolidated results showed that property development revenue declined compared to the previous financial year, while project management services revenue declined. The Group's parent company's owners reported a loss of HK$871,010 thousand for the year, a decrease from last year. The total assets and liabilities are HK$35,882,100 and HK$29,573,689 thousand, respectively. The Group faces the challenges of a weak global economic recovery and high inflation, but the property market is gradually stabilizing under the support of central and government...Show More