Gelonghui, May 24, 丨 Wanbang Investment (00158.HK) announced that the Group's performance for the six months ended March 31, 2024 has increased compared to the same period in 2023. The Group's net profit for the six months ended March 31, 2024 was HK$18.96 million (2023: net profit of HK$500,000). The increase in profit is mainly due to a smaller decrease in the fair value of investment properties during the period compared to the same period. The fair value loss for investment properties during the period was HK$29.9 million, while the fair value loss for investment properties was HK$41 million for the same period in 2023.
Excluding the impact of changes in the fair value of investment properties during the period, core operating profit from the leasing business increased 18% to HK$48.86 million compared to the same period in 2023, while rental income increased 3% to HK$79.9 million (2023: HK$77.7 million). At the meeting held on May 24, 2024, the directors declared an interim dividend of HK$1.08 per share (2023: HK$1.08 per share).
