Sino Land Co (HK:0083) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Sino Land Co reported a decrease in underlying profit to HK$5,171 million and net profit to HK$4,402 million for the financial year ending June 30, 2024, with underlying earnings per share at HK$0.61 and earnings per share at HK$0.52. The company announced a final dividend of HK43 cents per share, bringing the total dividend for the year to HK58 cents per share, and introduced an option for shareholders to receive this dividend in new shares. Despite a drop in property sales revenue to HK$8,893 million, the company has launched new projects and maintains a substantial land bank to support future growth.
For further insights into HK:0083 stock, check out TipRanks’ Stock Analysis page.