GUOCO GROUP (00053) announces annual results, profit attributable to shareholders HK$3.214 billion, down 20% year-on-year.

GUOCO GROUP (00053) announces its annual results for the year ended 30 June 2026. The group recorded turnover of HK$22.955 billion, down 15% year-on-year; revenue of HK$22.022 billion, down 10% year-on-year; profit attributable to shareholders of HK$3.214 billion, down 20% year-on-year; earnings per share of HK$9.88, with a proposed final dividend of HK$2.9 per share. The announcement stated that the decrease in revenue was mainly due to a HK$2.7 billion decrease in revenue from the property development and investment division, which was affected by the timing of phased recognition of revenue from residential development projects in Singapore. However, the decline was partly offset by an HK$800 million increase in revenue from the hotel and leisure division, mainly driven by continued business growth during the year.