Back 30 Apr 2025

Shimao Jianshe 2024 Audited Results Reveal Financial Challenges Amidst Operational Stability

Link: https://links.sgx.com/1.0.0/corporate-announcements/S43UNZB1JDFTS6XA/3cc5e7ce794e6d1c91e94cb8abafbaad61dd4a24ff5a0e8810274ac5f4447916

Summary:

  • Operating Income for 2024 saw a slight increase compared to the previous year.
  • The company reported an increased Net Loss in the audited results for the year.
  • Total Assets as at 31 December 2024 significantly decreased from the prior year.
  • Total Equity Attributable to Equity Holders shifted from a positive to a negative balance by the end of 2024.
  • Net Loss Attributable to Equity Holders of Shimao Jianshe saw a slight decrease compared to 2023, despite the overall Net Loss increase.