Pacific Century Premium Shows Mixed Mid-Year Results

Pacific Century Premium Developments Limited (HK:0432) has released an update.

Pacific Century Premium Developments Limited reports a 21% rise in consolidated revenue to HK$545 million and a shift from a consolidated operating loss to a profit of HK$49 million for the first half of 2024, despite a net loss to equity holders of HK$153 million. No interim dividend was declared, reflecting caution amid mixed performance with stable revenue from Jakarta commercial properties, no revenue from property development in Japan and Thailand, but increased earnings from hotel operations in Japan due to a tourism boom.

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