K. Wah International Declares Steady Profits

K Wah International Holdings (HK:0173) has released an update.

K. Wah International Holdings Limited reports a revenue of HK$1,213 million and a profit of HK$154 million in their unaudited interim results for the first half of 2024. The company declared an interim dividend of 4 HK cents per share, and highlighted a decrease in the gearing ratio from 17% to 11%, reflecting an improved financial position. Despite a decline in revenue compared to the previous year, K. Wah International is actively seeking opportunities to expand its landbank within select regions in a disciplined and cautious approach.

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