Hysan Development Reports 6.2% Turnover Increase Amid Retail Growth

Hysan Development Co ( (HK:0014) ) has shared an update.

Hysan Development Company Limited announced a 6.2% increase in turnover to HK$3,409 million for the year ended 31 December 2024, with a 6.8% rise in Recurring Underlying Profit to HK$1,956 million. This growth was driven by an increase in retail turnover and improved rental income despite challenging market conditions. The retail portfolio saw a 9.5% growth in turnover, although office turnover slightly decreased by 1.5%. A second interim dividend of HK81 cents per share was declared. The completion of Lee Garden Eight and its integrated walkway system is anticipated for the second half of 2026, potentially enhancing connectivity and property appeal.

More about Hysan Development Co

Hysan Development Company Limited, incorporated in Hong Kong, focuses on property investment and management. The company primarily generates income through leasing investment properties in Hong Kong and Mainland China and providing property management services.

YTD Price Performance: -0.97%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.58B

Learn more about 0014 stock on TipRanks’ Stock Analysis page.