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Green Economy Development (HKSE:01315) Retained Earnings : HK$80 Mil (As of Sep. 2024)


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What is Green Economy Development Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Green Economy Development's retained earnings for the quarter that ended in Sep. 2024 was HK$80 Mil.

Green Economy Development's quarterly retained earnings increased from Sep. 2023 (HK$34 Mil) to Mar. 2024 (HK$78 Mil) and increased from Mar. 2024 (HK$78 Mil) to Sep. 2024 (HK$80 Mil).

Green Economy Development's annual retained earnings declined from Mar. 2022 (HK$-214 Mil) to Mar. 2023 (HK$-299 Mil) but then increased from Mar. 2023 (HK$-299 Mil) to Mar. 2024 (HK$78 Mil).


Green Economy Development Retained Earnings Historical Data

The historical data trend for Green Economy Development's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Green Economy Development Retained Earnings Chart

Green Economy Development Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -213.74 -299.11 78.26

Green Economy Development Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -299.11 34.43 78.26 80.45

Green Economy Development Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Green Economy Development  (HKSE:01315) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Green Economy Development Business Description

Traded in Other Exchanges
N/A
Address
60 Gloucester Road, Room 1001, 10th floor, China Huarong Tower, Wan Chai, Hong Kong, HKG
Green Economy Development Ltd, formerly Vision Fame International Holding Ltd. is principally engaged in the provision of building construction services, property maintenance services, alterations, renovation, upgrading fitting-out works services, and trading of materials. It operates through five business segments: Building construction; Alterations, renovation, upgrading and fitting-out works segment; Property maintenance segment; trading of materials segment and Transportation service . It derives maximum revenue from trading of materials segment. The geographic area of operation includes PRC and Hong Kong.
Executives
Chau Chit 2201 Interest of corporation controlled by you
Zhu Feng 2501 Other
Ensure Prestige Limited 2101 Beneficial owner
Mega Start Limited 2101 Beneficial owner
Zhu Kai 2201 Interest of corporation controlled by you
Double Energy Limited 2201 Interest of corporation controlled by you
Million Creation Holdings Limited 2101 Beneficial owner
Mega Start Limited 2101 Beneficial owner
Zhongtai Securities Company Limited 2201 Interest of corporation controlled by you
Zhong Tai Jin Rong Guo Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Tai Jin Rong Tou Zi You Xian Gong Si 2106 Person having a security interest in shares

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