Harbour Centre Development Limited (HK:0051) has released an update.
Harbour Centre Development Limited reported a net profit of HK$74 million for the first half of 2024, a significant recovery from the previous year’s HK$75 million loss. However, the company recorded a group loss of HK$8 million due to a revaluation deficit in Investment Properties, and has decided against declaring an interim dividend. The results reflect ongoing challenges in Hong Kong’s tourism and hotel industries, with economic headwinds, currency fluctuations, and competitive pressures impacting recovery.
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