Summary by Moomoo AI
MTR announced audited results for the year ended 31 December 2023 with total revenues of HK$56,982 million, an increase of 19.2% over the previous year. Profit from continuing operations was HK$4,281 million and property development profit decreased by 80.1% to HK$2,083 million. The fair value measured revenue of the investment property was HK$1,420 million. The company's shareholders accounted for a net profit of HK$7,784 million, down 20.8%. The remaining segments of the Beijing Subway Line 16 and the northern section of the Beijing Subway Line 17 were opened in December 2023, while the Stockholm Commuter Rail and Mälartog continued operating challenges, leading the company to make a total loss of HK$10 billion for both businesses. MTR proposes to distribute a final ordinary dividend of HK$0.89 per share, with a total annual dividend of HK$1.31 per share, the same as in 2022.