Wing Tai Holdings Limited (SG:W05) has released an update.
Wing Tai Properties Limited faced a challenging 2023 amidst geopolitical issues, Sino-US tensions, and interest rate hikes, leading to a consolidated loss of HK$890 million, a steeper decline compared to the previous year. Despite this, the company announced a final dividend of HK8.0 cents per share, culminating in a total dividend of HK14.0 cents for the year. The downturn was primarily due to the decreased sales in the residential property market and a substantial net valuation loss on properties and financial instruments.
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