Sino Land Co (HK:0083) has released an update.
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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.
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