CK Asset Holdings Faces Profit Dip, Remains Resilient

CK Asset Holdings (HK:1113) has released an update.

CK Asset Holdings Limited reports a decline in profits and earnings per share in the first half of 2024 compared to the previous year, with a 9.5% drop in profit before investment property revaluation and a 15.3% decrease in profit attributable to shareholders. The company announced a 9.3% reduced interim dividend of HK$0.39 per share, while highlighting its strategic investments and share buybacks as a commitment to long-term growth amid a challenging market. CK Asset Holdings also experienced a mixed property sales performance, with some successful project launches and sales but an overall decrease in property sales contributions.

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