Hysan Development Co (HK:0014) has released an update.
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Hysan Development Co. reports a 5.1% increase in turnover for the first half of 2024, despite a slight 0.7% dip in Recurring Underlying Profit. The company’s retail sector saw a 10.8% rise in turnover, attributed to the success of the Lee Gardens Rejuvenation strategy. Amidst a challenging Grade A office market in Hong Kong, the company has maintained its dividend at HK27 cents per share, focusing on diversifying tenants and progressing well with its Lee Gardens Shanghai project.
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