Hon Kwok Land Announces Committee Reshuffle
Hon Kwok Land Investment's Fiscal 2024 Profit Plunges
Hon Kwok Land (00160.HK) annual revenue increased by 4% to HKD 1.087 billion.
On June 27, Glonhe announced that during the 2024 fiscal year, Hon Kwok Land (00160.HK) had increased its income by 4% to HKD 1,087,000,000, while the operating profit before revaluation remained at a healthy level at HKD 132,100,000. However, due to the need for revaluation to reflect the difficult operating conditions of the Chinese market (the company's main market), ordinary stockholders' attributable profits were reduced to HKD 4,600,000 (in 2023: HKD 153,400,000).
Express News | Hon Kwok Land Investment FY Revenue HKD 1,087 Million
HON KWOK LAND: 2023-24 ANNUAL RESULTS ANNOUNCEMENT
Hon Kwok Land (00160.HK) will hold a board of directors meeting on June 27th to approve the final performance.
Hon Kwok Land (00160.HK) announced that the board of directors will hold a meeting on June 27, 2024 to consider and approve the year-end performance of the company and its subsidiaries ending on March 31, 2024, and to consider the distribution of year-end dividends (if any).
Hon Kwok Forecasts Plunge in Fiscal Year 2024 Profit
Hon Kwok Land (00160.HK) is expected to have a net profit attributable to owners of less than 10 million Hong Kong dollars for the year.
Hon Kwok Land (00160.HK) announced that the group expects the attributable surplus of the company's owners to be less than HK$10,000,000 as of March 31, 2024, compared to approximately HK$153,400,000 for the year ended March 31, 2023. The board of directors believes that the expected decrease in surplus is mainly due to: (1) Fair value loss of approximately HK$140,000,000 on investment properties revalued at fair value as of March 31, 2024, while fair value gain on investment properties for the same period last year was recorded.
Express News | Hon Kwok Land Investment - Expected Result Due to Increase in Finance Costs, Others
Express News | Hon Kwok Land Investment Sees Profit Attributable to Be Less Than HK$10 Mln for Year
HON KWOK LAND: PROFIT WARNING
Hon Kwok-Chinney JV to Sell Hotel in Tokyo
Han Guo Real Estate (00160) subsidiary to sell a hotel property in Asakusa, Tokyo
According to the Zhitong Finance App, Han Guo Real Estate (00160) and Jianye Industrial (00216) jointly announced that on May 28, 2024, The Bauhinia Hotels Group Japan 2 signed a sales agreement with the buyer. The sale of the property was about 1,883 billion yen (equivalent to about HK$93.6 million). The property was owned by The Bauhinia Hotels Group Japan 2 on August 30, 2023 at a cost of approximately 1,573 billion yen (including local consumption tax)
Han Guo Real Estate (00160.HK): The Bauhinia Hotels Group Japan 2 plans to sell Japanese properties for approximately HK$93.6 million
Han Guo Real Estate (00160.HK) announced that on May 28, 2024, The Bauhinia Hotels Group Japan 2 entered into a sales agreement with the buyer relating to the sale of the property at a cost of approximately HK$93.6 million.
Han Guo Real Estate (00160.HK): Lin Yansheng appointed as Executive Director
Gelonghui, April 19, 丨 Han Guo Real Estate (00160.HK) announced, the board of directors hereby announces that Lin Yansheng has been appointed as the company's executive director with effect from April 19, 2024.
Hon Kwok-Controlled Joint Venture Buys Hotel in Osaka for 785 Million Yen
Han Guo Real Estate (00160.HK): The Bauhinia Hotels Group Japan 3 plans to acquire Japanese properties for about HK$42.39 million
Gelonghui, January 10 | Han Guo Real Estate (00160.HK) announced that on January 10, 2024, The Bauhinia Hotels Group Japan 3 entered into a sales agreement with the seller. The cost (including local consumption tax) was approximately 785 million yen (equivalent to approximately HK$42.39 million). The Bauhinia Hotels Group Japan 3 was established under TK arrangements and is separately funded and controlled by a joint venture company, while the joint venture is managed by Best Range
HON KWOK LAND: Interim Report 2023/24
Han Guo Real Estate (00160.HK) appoints Dr. Wang Yan as non-executive director
Glonghui December 12丨Han Guo Real Estate (00160.HK) announced that Dr. Wang Yan has been appointed as the company's non-executive director and Mr. Zhou Mingzu has been appointed as the company's independent non-executive director, effective December 12, 2023.
Hon Kwok Land Investment's Fiscal H1 Profit Falls on Higher Taxes
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