As of June 30, 2024, Dynamic Hold (00029.HK) announced that the group's total revenue for the fiscal year was HK$71.573 million, while gross profit was HK$44.965 million. Compared to the same period last year, revenue decreased by approximately 10% and gross profit by about 18%. After calculating the impairment of investment properties during the year, sharing the profits of joint ventures, and the impact of related deferred tax items, the group recorded a significant surplus attributable to shareholders of HK$5.35 billion in the year, with basic earnings per share of HK$22.52 (2023: HK$2.8 cents).
In the review period, the group's overall revenue (settled in RMB) and segment performance mainly originated from its property leasing and development operations in mainland China. Compared to the previous year, the performance of the group's leasing operations was mainly affected by the downturn in the mainland China real estate market sentiment, resulting in a decrease in the fair value of investment properties compared to the same period last year.