Financial Performance - The company reported a net profit of HKD 312.9 million for the six months ending December 31, 2023, compared to a net loss of HKD 18 million in the same period of 2022[7]. - Revenue for the six months ended December 31, 2023, was HKD 78,471,000, compared to HKD 25,199,000 for the same period in 2022, representing a significant increase[25]. - Gross profit for the same period was HKD 59,717,000, compared to a gross loss of HKD 1,889,000 in 2022[25]. - Basic and diluted earnings per share for the period were HKD 0.48, compared to a loss per share of HKD 0.03 in 2022[25]. - The total comprehensive income for the period was HKD 318,449,000, reflecting a significant recovery from the previous total comprehensive loss of HKD 49,965,000[38]. - Profit attributable to equity holders for the 2023 period was HKD 312,911,000, compared to a loss of HKD 17,980,000 in the 2022 period[131]. - The company reported a pre-tax loss of HKD 13,485,000 for the six months ended December 31, 2023, compared to a pre-tax loss of HKD 18,383,000 for the same period in 2022[64]. Dividends - The board declared an interim dividend of HKD 0.0225 per share, an increase from HKD 0.0175 per share in 2022[8]. - The company plans to distribute an interim dividend of HKD 2.25 per share, up from HKD 1.75 per share in 2022, resulting in total dividends of HKD 34,266,000 for the period[73]. Assets and Liabilities - Total assets less current liabilities as of December 31, 2023, were HKD 8,637,512,000, an increase from HKD 8,339,340,000 as of June 30, 2023[29]. - The company reported a net cash increase of HKD 353,146,000 for the period, compared to a decrease of HKD 24,528,000 in the previous year[33]. - The company’s total equity increased to HKD 7,081,318,000 from HKD 6,782,460,000 in the previous period[31]. - The fair value of financial assets decreased by HKD 22,158,000 during the period[38]. - The company’s retained earnings rose to HKD 4,796,958,000, up from HKD 4,475,866,000[38]. - The total equity attributable to equity holders as of December 31, 2023, was approximately HKD 6,872,427,000, an increase of 4.5% from HKD 6,573,558,000 as of June 30, 2023[134]. Investment and Market Value - The market value of investment bonds as of December 31, 2023, was HKD 45.282 million, with a total of HKD 1.292 million in bonds redeemed during the year[13]. - The market value of investment stocks as of December 31, 2023, was HKD 46.819 million, with no stocks sold or purchased during the year[19]. - The fair value of investment properties decreased by HKD 41,366,000 during the 2023 period, compared to an increase of HKD 7,452,000 in the 2022 period[131]. - The valuation of investment properties as of December 31, 2023, was HKD 54,976,672,000, a decrease of approximately HKD 41,366,000 from HKD 6,870,006,000 as of June 30, 2023[142]. Operational Challenges - The company is facing challenges in the property market due to ongoing economic downturns and geopolitical tensions affecting financial stability[21]. - The company is actively working on land lease renewal in Macau, which was approved in January 2024, subject to certain conditions[12]. - The company plans to continue renovations on service apartments in Malaysia to improve occupancy rates[17]. - The company is actively renovating properties in Malaysia to improve occupancy rates, which are currently unsatisfactory[161]. Corporate Governance - The board believes that high-quality corporate governance is essential for enhancing the group's efficiency and performance, as well as protecting shareholder interests[168]. - The company has adopted a standard code for securities trading for directors and relevant employees, which is not less stringent than the standards set out in the Listing Rules Appendix C3[172]. - The interim financial statements for the period 2023 have been reviewed by the company's external auditors, ensuring compliance with the disclosure requirements of the Hong Kong Stock Exchange[171]. Employee and Operational Metrics - The company has a total of 51 employees as of December 31, 2023, down from 54 as of June 30, 2023[148]. - The occupancy rate for the Zhao Garden Phase II in Pokfulam is maintained at 60%[10].
卓能(集团)(00131) - 2024 - 中期业绩