Sun Hung Kai Properties Announces Dipped Profits

Sun Hung Kai Properties (HK:0016) has released an update.

Sun Hung Kai Properties reported a decrease in annual underlying profit to HK$21,739 million from last year’s HK$23,885 million, with a reduced earnings per share of HK$7.50. Despite this, rental income saw a 3% increase. The company also announced a final dividend of HK$2.80 per share, totaling a 24% decrease from the previous year’s dividend.

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