Kerry Properties ( (KRYPF) ) has released its Q2 earnings. Here is a breakdown of the information Kerry Properties presented to its investors.
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Kerry Properties is a prominent real estate company engaged in property development, investment, and management, primarily operating in Hong Kong and Mainland China. The company is known for its diverse portfolio of premium mixed-use projects, including residential, commercial, and hotel properties.
In its interim results for the first half of 2025, Kerry Properties reported a mixed performance with a significant increase in combined revenue by 65% year-on-year to HK$9,954 million, driven by robust property sales, particularly in Hong Kong. However, the company faced a decline in underlying profit by 30% due to lower gross profit margins and increased costs. The interim dividend per share was maintained at HK$0.40.
Key financial highlights include a 176% surge in property sales revenue, primarily from Hong Kong projects, while rental income from investment properties and hotels saw a decline. The company’s contracted sales reached HK$16,186 million, marking a 130% increase, with notable contributions from the Jinling project in Shanghai. Despite the challenges in the commercial property market, Kerry Properties maintained a stable investment property portfolio.
Looking ahead, Kerry Properties remains optimistic about the long-term prospects of the Hong Kong and Mainland economies. The company is focused on sustaining growth through strategic landbanking and development of mixed-use projects. While acknowledging the near-term economic headwinds, Kerry Properties is committed to maintaining financial resilience and leveraging its strategic position in the market.