Summary by Futu AI
First Quarter Holdings Limited announced its first quarter results for the three months ended 31 March 2024. In the quarter, First Holdings and its subsidiaries recorded revenues of approximately HK$3.51 million, up 9.0% from HK$3.22 million in the same period last year. Company owners' profit also increased by 7.0% from HK$1.10 billion in the same period last year to HK$1.18 billion. Basic and diluted earnings per share were HK$1.65 cents, higher than HK$1.52 cents in the same period last year. The asset and liability ratio rose to 28.6% from 25.7% at 31 December 2023, and the debt to capital ratio increased from 8.0% to 10.1%. Premiere Holdings actively expanded its business during the reporting period, including acquiring key parking lot operations in Keizuji and the Greater Bay Area, and establishing partnerships with strategic customers to advance the development of REITs projects. The Board of Directors reminds shareholders and potential investors that the above financial data has not been reviewed or audited by an independent auditor and that investors should treat it with caution.