TAIKOO CO., LTD. ANNOUNCES 2023 ANNUAL RESULTS. THE COMPANY'S SHAREHOLDERS ARE EXPECTED TO MAKE A PROFIT OF HK$288.53 BILLION, A SIGNIFICANT INCREASE OF 588% COMPARED TO 2022. Of these, the dividend of 'A' shares was HK$11.32, an increase of 277%. Operating profit also increased significantly to HK$306.21 billion, up 150% year-on-year. In addition, the fair value of invested properties moved to HK$28.6 million, down 453 percent from HK$8.1 billion last year. Cash from operations was HK$144.79 million, an increase of 20%. Mr. Bidley, Chairman of Taikoo Corporation, said that the company continues to lead the way in its diversified business in Greater China and is committed to achieving continued growth in shareholder value by creating the ideal return on equity. Taikoo's strategy is...Show More

TAIKOO CO., LTD. ANNOUNCES 2023 ANNUAL RESULTS. THE COMPANY'S SHAREHOLDERS ARE EXPECTED TO MAKE A PROFIT OF HK$288.53 BILLION, A SIGNIFICANT INCREASE OF 588% COMPARED TO 2022. Of these, the dividend of 'A' shares was HK$11.32, an increase of 277%. Operating profit also increased significantly to HK$306.21 billion, up 150% year-on-year. In addition, the fair value of invested properties moved to HK$28.6 million, down 453 percent from HK$8.1 billion last year. Cash from operations was HK$144.79 million, an increase of 20%. Mr. Bidley, Chairman of Taikoo Corporation, said that the company continues to lead the way in its diversified business in Greater China and is committed to achieving continued growth in shareholder value by creating the ideal return on equity. Taikoo's strategy is to focus its business on Greater China and Southeast Asia and to expand its business in new areas such as healthcare. In 2023, the Company benefited from non-recurring projects, notably the sale of its Pacific Coca-Cola business in the United States and the sale of Taikoo Properties, Hong Kong Island's East Centre office building.