Hysan Development Sees Growth Amid Market Pressures

Hysan Development Co (HK:0014) has released an update.

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.

For further insights into HK:0014 stock, check out TipRanks’ Stock Analysis page.