Zitong Financial App News, Pok Fu Lin Real Estate (00225) released its annual results for the year ended September 30, 2022. The group earned 164 million yuan in income during the period, an increase of 6.11% over the same period last year, and the profit attributable to shareholders was HK $14.795 million, down 89.21% from the same period last year. Basic profit per share is HK $0.13, and the annual dividend of 34 Hong Kong cents per share is proposed.

According to the announcement, most of the group's operating profit comes from rental income from investment properties in Hong Kong, which increased by 15.4% over the same period last year. The rental income of the group's residential properties increased by 12.2%, mainly due to the rental income generated after the renovation of No. 4 Holland Road was completed at the end of 2020. On the other hand, the rental income of the Group's commercial and industrial properties increased by 22.9% due to the inclusion of rental income from industrial properties in Mong Kok acquired by the Group in the first half of the financial year under review.