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<Results>CK ASSET 2024 NP Sinks 21.2% YoY to HKD13.657B; Final DPS Cut to HKD1.35
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CK ASSET (01113.HK) announced its full-year results for the period ending December 31, 2024. Revenue reached HKD45.529 billion, down 3.6% YoY. It recorded a net profit of HKD13.657 billion, a 21.2% YoY decline, with EPS at HKD3.89. The company declared a final DPS of HKD1.35, compared to HKD1.62 in the same period of the previous year. The total annual DPS amounted to HKD1.74, versus HKD2.05 in the prior fiscal year. Revenue of property sales (including share of joint ventures) recognized for the year was HKD9.962 billion, down 24.3% YoY, comprising mainly sales of residential projects in Hong Kong - #LYOS in Hung Shui Kiu and Grand Jete Phase 1 and 2 in Tuen Mun; sales of residential and commercial units on the Mainland including Laguna Verona in Dongguan, Upper West Shanghai in Shanghai and La Grande Ville in Beijing; and sales of residential units of Chelsea Waterfront in London, the United Kingdom. At the year-end date, the Group had a development land bank (including developers’ interests in joint development projects but excluding agricultural land and completed properties) of approximately 70 million sq.ft., of which 7 million sq.ft., 60 million sq.ft. and 3 million sq.ft. were located in Hong Kong, on the Mainland and overseas respectively. AAStocks Financial News |
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