Legend Upstar (00459.HK) announced that in the six months ended June 30, 2024, it achieved revenue of 0.202 billion Hong Kong dollars, a decrease of 12.6% year-on-year; the attributable profit to equity shareholders of the company was 9.504 million Hong Kong dollars, a decrease of 45.7% year-on-year; and the basic earnings per share was 0.526 Hong Kong cents.
The announcement stated that the decline in group profit mainly resulted from the poor performance of property sales and the non-residential property market in Hong Kong during the mid-term period. Capital appreciation from property investment sales totaled approximately HKD 7 million for the six months ended June 30, 2023. During the mid-term period, trading volumes for industrial buildings, shops, and office buildings all decreased.
