Guoco Group ( (GULRF) ) has released its Q2 earnings. Here is a breakdown of the information Guoco Group presented to its investors.
Guoco Group Limited is an investment holding and management company listed on the Hong Kong Stock Exchange, with operations spanning across Hong Kong, China, Singapore, Malaysia, the United Kingdom, Spain, and Australasia, focusing on four core businesses: Principal Investment, Property Development and Investment, Hospitality and Leisure, and Financial Services.
In its latest interim results for the six months ended December 31, 2024, Guoco Group reported a robust financial performance with a 23% increase in profit attributable to equity shareholders, reaching HK$1,789 million. The company also declared an interim dividend of HK$0.60 per share, reflecting a 20% increase from the previous year.
Key financial metrics highlighted in the report include a 2% increase in revenue to HK$12.6 billion, driven by strong performances in the Hospitality and Leisure segment. The Principal Investment segment achieved a pre-tax profit of HK$894.2 million, while GuocoLand, the Property Development and Investment arm, saw a 35% increase in operating profit, largely due to its successful operations in Singapore. The Clermont Hotel Group in the UK and The Rank Group Plc also contributed significantly with notable revenue and profit growth.
Looking ahead, Guoco Group remains cautiously optimistic about its prospects, despite anticipated market volatility. The company plans to continue its disciplined approach in investment and focus on long-term sustainable development, cost optimization, and operational enhancements to drive stable growth.