Sino Land Reports Decrease in Interim Profit Amidst Market Challenges

Sino Land Co ( (HK:0083) ) has shared an update.

Sino Land Company Limited reported a decrease in its unaudited underlying profit for the six months ending December 31, 2024, with profits falling to HK$2,241 million from HK$2,945 million the previous year. The company declared an interim dividend of HK15 cents per share, maintaining the same level as the previous year. Despite a challenging market environment reflected in lower property sales revenue, the company continues to focus on its pipeline of new projects, including developments in Central, Yuen Long, and Tseung Kwan O, which are expected to bolster future growth. The company’s extensive land bank and diversified property portfolio position it well for future opportunities.

More about Sino Land Co

Sino Land Company Limited is a real estate company based in Hong Kong, involved in property development, investment, and management. The company operates across various sectors including residential, commercial, industrial, car parks, and hotels, with a significant land bank in Hong Kong, Mainland China, Singapore, and Sydney.

YTD Price Performance: -4.13%

Average Trading Volume: 1,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $9.15B

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