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Pinning Down Hang Lung Group Limited's (HKG:10) P/E Is Difficult Right Now
HANG LUNG GROUP announced its annual performance for 2024, with a net profit attributable to Shareholders of 1.613 billion Hong Kong dollars, a decrease of 42.62% year-on-year.
HANG LUNG GROUP (00010) released its full-year results for 2024, with total group revenue of 11.76 billion HKD, an increase of 8.08% year-on-year; Shareholder's attributable net profit was 1.613 billion HKD, a decrease of 42.62% year-on-year; Shareholder's attributable net asset value per share was 70.3 HKD; final dividend per share was 0.65 HKD. For the year ending December 31, 2024, total leasing revenue decreased by 6% to 10.033 billion HKD. Considering the impact of the depreciation of the RMB against the HKD compared to last year, the leasing revenue of the mainland property portfolio fell by 4% and 5% in RMB and HKD respectively. Meanwhile, the leasing revenue of the Hong Kong property portfolio was
HANG LUNG GROUP will distribute a final dividend of HKD 0.65 per share on June 16.
HANG LUNG GROUP (00010) announced that the company will distribute a final dividend of HK$0.65 per share on June 16, 2025.
According to the Hong Kong Stock Connect, HANG LUNG GROUP (00010) reported a 42.62% year-on-year decrease in profit last year and plans to declare a final dividend of 65 Hong Kong cents per share.
JINGWU Finance | HANG LUNG GROUP (00010) announced the full-year results for 2024. During the period, the profit attributable to Shareholders was 1.613 billion yuan (Hong Kong dollars, the same below), a decrease of 42.62% year-on-year, mainly due to a reduction in leasing operating profit and an increase in finance costs; the basic earnings per share were 1.18 yuan, compared to 2.06 yuan in the same period last year. It is proposed to distribute the final dividend for the year 2024 of 65 cents per share (2023: 65 cents). During the period, the group's revenue was 11.76 billion yuan, an increase of 8.08% year-on-year. Of this, property leasing income was 10.033 billion yuan, a year-on-year decrease of 6%; property sales.
HANG LUNG GROUP (00010.HK) reported a total revenue increase of 8% to 11.76 billion Hong Kong dollars for the fiscal year 2024, while overall operating profit fell by 12% to 6.826 billion Hong Kong dollars.
Gelonghui on January 24 reported that HANG LUNG GROUP (00010.HK) announced its annual performance for the year ending December 31, 2024, with the group's property sales revenue at 1.538 billion HK dollars (2023: 2 million HK dollars), resulting in a total revenue increase of 8% year-on-year to 11.76 billion HK dollars. Overall operating profit fell by 12% to 6.826 billion HK dollars. Due to the weak retail and office leasing market in Mainland China and Hong Kong, property leasing revenue and operating profit decreased by 6% and 9% respectively, to 10.033 billion HK dollars and 7.134 billion HK dollars. The basic earnings attributable to Shareholders fell by 21% to 23.
Express News | Hang Lung Group Ltd - Recommended a Final Dividend of HK65 Cents per Share for 2024