Summary by Moomoo AI
Whiley Group Limited (the “Company”) announces final results for the year ended 31 December 2023. For the year, the company recorded total revenue of HK$514.9 million, down 11.9% from HK$584.5 million last year. Total management fees were HK$467.4 million, down 14.9%, and total performance fees decreased from HK$0.9 million last year to zero. Operating loss decreased 48.5% to HK$35.3 million. The profit attributable to the owners of the company was converted from a loss of HK$544.3 million last year to a profit of HK$23.1 million, and basic and diluted earnings per share were HK$1.3 cents. The company declared a special dividend of HK$50.0 cents per share, with no final dividend. During the reporting period, Whalley Group actively adjusted its portfolio and made progress in fixed income and alternative investments, while strengthening cost controls to meet market challenges. The size of the company's assets under management was USD 56 billion, down 9% from last year. Looking ahead, the company will continue to expand its product portfolio and seize the growth potential of the Asian market.
