GWPA Holdings (00583) releases its annual financial performance, with shareholders' net loss of HK$84.138 million, compared to a profit in the previous year turning into a loss.

GWPA HOLDINGS (00583) announced its financial results for the year ending on December 31, 2024. The group recorded a revenue of HK$122 million, an increase of 0.2% compared to the previous year. The company's equity holders suffered a loss of HK$84.138 million, while they made a profit of HK$285 million in the same period last year. The loss per share was 5.37 HK cents. The group's performance for the year ending on December 31, 2024, was mainly driven by the contribution from the property investment division. The group's investment property portfolio remained unchanged throughout the year and includes a diversified portfolio of properties in Hong Kong, such as Kwai Fong Square, as well as several floors in buildings in Central, Bank of America Center, Causeway Bay, Parkview Building, Quarry Bay, Ko Fai Industrial Building, Ngau Tau Kok, and Ocean View Building, North Point.