HKG:0034 Kowloon Development Interim Results 2021

HKG:0034 Kowloon Development Interim Results 2021

Kowloon Development 0034.HK announced:

“For the six months ended 30 June 2021, the Group’s unaudited net profit attributable to shareholders of the Company rose to HK$619 million from HK$575 million in the
corresponding period of 2020, an increase of 7.7%.

For the period under review, there were no sales being recognised from new development projects. Therefore, excluding revaluation changes from the Group’s
investment properties net of tax and fair value changes on its interests in the property development, underlying net profit attributable to shareholders of the Company for the
first half of 2021 fell significantly to HK$312 million from HK$1,009 million in the same period of 2020, a decrease of 69.1%.

The underlying net interim earnings per share for 2021 were HK$0.27 compared to HK$0.86 for 2020.

Interim dividend for 2021 amounts to HK$0.25 per share (2020: HK$0.24).” +4%

For more information see the press release here