New World Development has released its annual performance report for the 2023/24 fiscal year. As of June 30, 2024, the company's underlying profit was HK$21.739 billion, a decrease of 9% compared to the previous year. The accounts show that the attributable profit to shareholders and earnings per share are HK$19.046 billion and HK$6.57, respectively, compared to HK$23.907 billion and HK$8.25, respectively, in the previous year. The Board of Directors recommends a final dividend of HK$2.8 per share, a 24% decrease in annual dividends. Property development profit and rental income have both declined, but the investment property portfolio has remained strong. The Group maintains a healthy financial condition with a debt ratio of 18.3% and has signed a five-year syndicated loan agreement with 23 banks for an amount of HK$23 billion. Looking ahead, the Group will continue to strictly control costs and expects a significant decline in overall construction expenditure in the coming fiscal years.

New World Development has released its annual performance report for the 2023/24 fiscal year. As of June 30, 2024, the company's underlying profit was HK$21.739 billion, a decrease of 9% compared to the previous year. The accounts show that the attributable profit to shareholders and earnings per share are HK$19.046 billion and HK$6.57, respectively, compared to HK$23.907 billion and HK$8.25, respectively, in the previous year. The Board of Directors recommends a final dividend of HK$2.8 per share, a 24% decrease in annual dividends. Property development profit and rental income have both declined, but the investment property portfolio has remained strong. The Group maintains a healthy financial condition with a debt ratio of 18.3% and has signed a five-year syndicated loan agreement with 23 banks for an amount of HK$23 billion. Looking ahead, the Group will continue to strictly control costs and expects a significant decline in overall construction expenditure in the coming fiscal years.