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Kowloon Development Co ( (HK:0034) ) has provided an announcement.
Kowloon Development Company Limited reported an 8% increase in underlying profit for the first half of 2025, amounting to HK$312 million, compared to the same period in 2024. However, the effect of a scrip dividend in July 2024 led to a slight decrease in earnings per share. The company declared an interim dividend of HK$0.10 per share, consistent with the previous year. The property market in Hong Kong saw active transactions due to policy changes, despite initial downward pressure on prices. In Mainland China, market stabilization efforts have yet to yield significant results. The company successfully sold 95% of its Manor Hill residential units in Hong Kong, generating HK$1.4 billion in sales proceeds.
More about Kowloon Development Co
Kowloon Development Company Limited is a Hong Kong-based company engaged in property development and investment. The company focuses on residential and commercial properties, with a significant market presence in Hong Kong and Mainland China.
Average Trading Volume: 142,028
Current Market Cap: HK$4.39B
See more data about 0034 stock on TipRanks’ Stock Analysis page.