Summary by Moomoo AI
New World Dev Limited (New World Dev) announced its annual performance for 2023/2024, with a core operating profit of 689.8 million Hong Kong dollars, a decrease of 18% year-on-year. Shareholders' loss amounted to 1,180.7 million Hong Kong dollars, while group revenue was 3,578.2 million Hong Kong dollars, down 34% year-on-year, mainly due to reduced property development income in Hong Kong and mainland China. Revenue from Hong Kong property development was 241.2 million Hong Kong dollars, while revenue from mainland China property development was 1,371.3 million Hong Kong dollars. Income from investment properties in Hong Kong was 335.6 million Hong Kong dollars, and income from investment properties in mainland China was 184.1 million Hong Kong dollars. Due to recording a shareholders' loss, the board of directors decided...Show More