Summary by Moomoo AI
HANG LUNG GROUP's total revenue for 2024 increased by 8% to HKD 11.76 billion, with property leasing income falling by 6% to HKD 10.033 billion, and property sales income at HKD 1.538 billion. The basic net profit attributable to Shareholders decreased by 21% to HKD 2.327 billion, mainly impacted by a reduction in rental operating profit and an increase in financial expenses. The basic earnings per share are HKD 1.71, and the annual dividend remains at HKD 0.86.The rental income from the mainland property portfolio fell by 4% in RMB terms, primarily due to weak consumer sentiment and increased Overseas travel. The rental income from the shopping mall portfolio decreased by 3%, but the overall occupancy rate remained high and showed moderate growth. The rental income from the Hong Kong...Show More
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