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SUN HUNG KAI CO: Arrangements for Lodging Transfer of Shares for Entitlement to the Interim Dividend upon Issuance of Typhoon Signals and/or Black Rainstorm Warning
SUN HUNG KAI CO: Interim Report 2024
Sun Hung Kai Co (00086) returns to the path of overall profitability: diversified strategies smooth cyclical fluctuations.
From the perspective of capital gains, high dividend strategy has a positive effect in terms of profitability and valuation.
Sun Hung Kai Co will distribute an interim dividend of HKD 0.12 per share on September 20th.
Sun Hung Kai Co (00086) announced that it will distribute an interim dividend of HK$0.12 per share on September 20, 2024.
Sun Hung Kai Co. announces interim results. Shareholders' attributable surplus is HKD 75.4 million, turning loss into profit year-on-year.
Sun Hung Kai Co. (00086) released its interim results for the six months ended June 30, 2024. The group achieved a total income of HKD 1.939 billion during the period. The company's shareholders' share of the surplus was HKD 75.4 million, compared to a loss of HKD 0.288 billion for the same period last year. Basic earnings per share were 3.9 HK cents. The company plans to distribute an interim dividend of 12 HK cents per share. The announcement stated that the transformation of the shareholders' share of the surplus into profit is mainly attributed to the group's active adjustment of the investment portfolio and management of market risk exposure since 2022, thereby stabilizing the investment asset value of the group.
Sun Hung Kai Co (00086.HK) turned losses into profits in the first half of the year amounting to 75.4 million Hong Kong dollars.
Sun Hung Kai Co. (00086.HK) announced on August 21 that the group's revenue in the first half of 2024 was HKD 191.58 million (HKD 196.83 million in the first half of 2023), mainly including interest income of HKD 165.02 million from crediting business. The net profit attributable to shareholders of the company was HKD 7.54 million, turning from a loss of HKD 28.75 million in the same period last year. Basic earnings per share were HKD 0.039 (a loss of HKD 0.147 in the first half of 2023), mainly due to the company's active adjustment of investment portfolio since 2022.
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