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.

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.