Cheuk Nang Reports Profit Surge and Dividend Hike

Cheuk Nang (Holdings) Limited (HK:0131) has released an update.

Cheuk Nang (Holdings) Limited reported a significant increase in annual profits, with a consolidated profit after income tax of HK$171,004,000 for the year ended 30 June 2024, up from HK$53,040,000 in the previous year. The company is set to pay a higher final dividend of HK4.00 cents per share, a 32% increase from last year, after shareholder approval. Despite a sluggish recovery in property prices due to various market factors, the residential leasing market has seen growth, and the company remains optimistic about future rent prospects.

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