HK Stock Market Move | GREAT EAGLE (00041) fell more than 3% after its performance, with annual equity holders' share of statutory loss of HK$1.734 billion, a turnaround from profit to loss compared to the previous year.

GREAT EAGLE H (00041) fell more than 3% after the performance, with a decrease of 2.89% to HK$11.44 as of publication, with a trading volume of HK$1.9279 million. In terms of news, on March 3, GREAT EAGLE H released its annual results for the year ending December 31, 2024, with revenue of HK$10.879 billion, an increase of 2.2% year-on-year; equity holders' attributable statutory loss of HK$1.734 billion, compared to a statutory profit of HK$764 million in the same period of the previous year, a turn from profit to loss; and proposed a final dividend of HK$0.5 per share. During the reporting period, the Group's total core revenue increased by 4.1% to HK$7.833 billion (2023: HK$7.522 billion), mainly from the contribution of the "Lang Tao" project. However, operational revenue decreased by 8.7% to HK$2.886 billion (2023: HK$3.161 billion), partly due to a one-time, non-recurring cost savings of HK$300 million obtained after settling with the main contractor of the "Lang Tao" project last year. Despite a decrease in distributions and management fees received from CHAMPION REIT, the Group's operating revenue in 2024 remained relatively stable.