Guoco Group (00053) releases interim results, with a net profit attributable to shareholders of 1.789 billion Hong Kong dollars, a 23% year-on-year increase.

date
20:27 24/02/2025
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GMT Eight
Guohao Group (00053) released its performance for the six months ended December 31, 2024, with revenue of 125.82...
GUOCO GROUP (00053) announced its performance for the six months ended December 31, 2024, with a revenue of HK$12.582 billion, a 2% increase year-on-year; the net profit attributable to shareholders of the company was HK$1.789 billion, a 23% increase year-on-year; earnings per share were HK$5.50, and an interim dividend of HK$0.60 per share is proposed. During the period, the Group's revenue slightly increased by 2%, mainly due to a HK$700 million increase in revenue from the hotel and leisure segment as the business continued to grow during the period. This increase was partially offset by a HK$200 million decrease in revenue from the proprietary investment segment and a HK$300 million decrease in revenue from the property development and investment segment.