Summary by Futu AI
MTR recorded total revenues of HK$29.271 billion in the first half of 2024, up 6.2% from the same period last year. Operating profit reached HK$4.024 billion, up 66.3%, driven primarily by continued passenger growth in local, transit and high-speed rail services. The property development business also recorded an after-tax profit of HK$1.722 billion, mainly from the first and second phases of Hong Kong Island South Coast and the 11th phase of Sunrise Concord. The fair value measure of investment property yields HK$0.28 billion. The company's shareholders accounted for a net profit of HK$6.044 billion, up 44.7% from the same period last year, corresponding to earnings per share of HK$0.97. The Board of Directors declared an interim dividend of HK$0.42 per share. Looking ahead, MTR will continue to exercise prudence and explore new opportunities to drive business growth.