Hang Lung Group (00010) fell more than 5%, as of press time, fell 5.02%, reported HKD 8.51, turnover of HKD 18.5762 million.
According to the Wisdom Finance APP, Hang Lung Group (00010) fell more than 5%, and as of press time, fell 5.02%, reported HKD 8.51, with a turnover of HKD 18.5762 million.
On the news front, Hang Lung Group announced its mid-year performance for 2024. The group achieved a revenue of HKD 6.379 billion, a YoY increase of 15.46%. Shareholders' basic net profit was HKD 1.281 billion, a YoY decrease of 17.89%. Shareholders' net profit was HKD 0.888 billion, a YoY decrease of 47.21%. It is planned to distribute an interim dividend of HKD 0.21 per share, which is the same as the same period last year.
The announcement stated that affected by the downturn in luxury goods consumption in mainland China, the weak retail and office property market in Hong Kong, property rental income decreased by 7% to HKD 5.151 billion. The overall operating surplus also fell by 10% to HKD 3.613 billion.