Tsim Sha Tsui Properties Announces Lower Annual Profit

Tsim Sha Tsui Properties Limited (HK:0247) has released an update.

Tsim Sha Tsui Properties Limited reports a decrease in annual profit to HK$2,508 million, compared to HK$3,287 million the previous year, with a proposed final dividend of HK43 cents per share. The company’s revenue was affected by lower property sales, despite launching new projects and maintaining sales from existing properties. Shareholders are presented with an option to receive dividends in cash or new shares, subject to approval at the Annual General Meeting and the Hong Kong Stock Exchange.

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