Tsim Sha Tsui Properties Reports Decline in Interim Profit, Maintains Dividend

Tsim Sha Tsui Properties Limited ( (HK:0247) ) has issued an announcement.

Tsim Sha Tsui Properties Limited reported a decrease in unaudited underlying profit for the six months ending December 31, 2024, with earnings per share also declining compared to the previous year. Despite this, the company maintained its interim dividend at HK15 cents per share, offering shareholders the option to receive dividends in cash or new shares. The company’s sales activities, primarily through Sino Land, showed a significant drop in revenue from property sales, attributed to the sale of remaining stocks from previous projects. Looking forward, Sino Land plans to launch several new projects, contingent on obtaining pre-sale consents and favorable market conditions, indicating a strategic focus on future growth.

More about Tsim Sha Tsui Properties Limited

Tsim Sha Tsui Properties Limited, along with its subsidiaries, operates primarily in the real estate industry. The company focuses on property sales and development, with significant interests in residential units and car parking spaces. Sino Land Company Limited, a major part of its operations, contributes substantially to the group’s revenue.

Average Trading Volume: 513

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$42.96B

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