Henderson Land Development Co ( (HLDVF) ) has released its Q4 earnings. Here is a breakdown of the information Henderson Land Development Co presented to its investors.
Henderson Land Development Co is a prominent real estate company based in Hong Kong, primarily engaged in property development and investment, with a significant presence in both Hong Kong and mainland China. The company is known for its extensive land bank and diverse portfolio, including residential, commercial, and mixed-use developments.
Henderson Land Development Co reported a slight increase in underlying profit attributable to shareholders for the year ending December 2024, despite a significant fair value loss on investment properties. The company’s reported profit decreased by 32% compared to the previous year, reflecting the challenging market conditions.
Key financial highlights include a 16% decrease in revenue from property development in Hong Kong, while contracted sales amounted to approximately HK$11,285 million. The company also experienced a 2% increase in gross rental income in Hong Kong, with a stable net rental income. In mainland China, the company saw a decrease in property development revenue and contracted sales, although rental income from investment properties remained stable.
Looking ahead, Henderson Land Development Co remains focused on expanding its land bank and completing ongoing development projects. The company aims to leverage its strategic land holdings and continue its investment in high-quality developments to drive future growth and maintain its position in the real estate market.