Summary by Futu AI
MTR Corporation released its mid-term report for 2024, with total revenue reaching HK$29.3 billion, a year-on-year increase of 6.2%. The operating profit from core business was HK$4 billion, a year-on-year increase of 66.3%. The profit from property development was HK$1.7 billion, a year-on-year increase of 137.7%, and the fair value gain from investment properties was HK$0.3 billion, a year-on-year decrease of 72.7%. The net profit attributable to shareholders of the company was HK$6 billion, a year-on-year increase of 44.7%. The interim ordinary dividend per share was HK$0.42, the same as in the mid-term of 2023. The total assets and net assets were HK$361 billion, a year-on-year increase of 4.2%, and the net debt-to-equity ratio was 27.5%, an increase of 1.0 percentage point from the end of 2023.