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Midland Holdings Limited (HKG:1200) Held Back By Insufficient Growth Even After Shares Climb 26%
MIDLAND HOLDING: INTERIM REPORT 2024
Midland's Profit Balloons 346% in H1
Midland Holding (01200.HK): Achieved a net profit of 0.174 billion Hong Kong dollars in the first half of the year, a year-on-year increase of 345.7%.
Midland Holding (01200.HK) announced on August 27th that for the six months ending June 30, 2024, it achieved a profit of 3.319 billion Hong Kong dollars, a year-on-year increase of 41%; the attributable surplus to shareholders for the period was 0.174 billion Hong Kong dollars, a year-on-year increase of 345.7%; basic earnings per share of 24.27 Hong Kong cents. The announcement stated that the significant growth in the group's performance was based on, among other factors, the significant increase in operating profit of the group's subsidiary "Midland Property" and "Hong Kong Properties" during the mid-term period compared to the same period last year. This improvement was due to (i) successful capture of the Hong Kong residential market.
Express News | Midland Holdings H1 Revenue HKD 3,318.8 Million
Express News | Midland Holdings Ltd - Does Not Declare an Interim Dividend
Market Might Still Lack Some Conviction On Midland Holdings Limited (HKG:1200) Even After 28% Share Price BoostNo Data
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