Henderson Land Development Co Reports Stable Profit Amid Market Fluctuations

Henderson Land Development Co ( (HK:0012) ) just unveiled an update.

Henderson Land Development Co reported a slight increase in underlying profit attributable to shareholders for 2024, reaching HK$9,774 million. Despite a fair value loss from property revaluations, the company maintained its total dividend payout at HK$1.80 per share. The Hong Kong property market experienced fluctuations due to changes in government policies and interest rates, impacting the company’s revenue from property development, which saw a 16% decline. However, successful sales of residential projects like Belgravia Place and Eight Southpark contributed positively to the company’s performance.

More about Henderson Land Development Co

Henderson Land Development Co is a prominent player in the real estate industry, primarily focusing on property development and investment. The company is engaged in the development and sale of residential, commercial, and industrial properties, with a significant market presence in Hong Kong.

YTD Price Performance: 0.69%

Average Trading Volume: 4,597

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $14.39B

For an in-depth examination of 0012 stock, go to TipRanks’ Stock Analysis page.