Financial Performance - For the fiscal year ending March 31, 2024, the group's operating profit before changes in investment property valuation was HKD 188.8 million, a decrease of approximately 1.4% compared to the previous fiscal year[14]. - The net gain from investment property valuation for the fiscal year was HKD 230.9 million, compared to a net loss of HKD 1.7077 billion in the previous fiscal year[14]. - The group's profit attributable to equity shareholders for the fiscal year was HKD 193.7 million, recovering from a loss of HKD 759.3 million in the previous fiscal year[17]. - Total revenue for the fiscal year 2024 was HKD 304,557,000, with a gross profit of HKD 207,692,000, compared to revenue of HKD 309,877,000 and gross profit of HKD 222,155,000 in 2023[54]. - The company’s total comprehensive income for the year was HKD 382,080,000, a recovery from a loss of HKD 1,551,556,000 in the previous year[54]. - The company reported a pre-tax profit of 547,224 thousand HKD for the year ended March 31, 2024, compared to 524,693 thousand HKD in the previous year, representing an increase of approximately 4.27%[56]. Dividends - The group declared an interim dividend of HKD 0.06 per share for the fiscal year, up from HKD 0.04 per share in the previous year, and proposed a final dividend of HKD 0.10 per share, compared to HKD 0.09 per share in the previous year[6]. - The company declared a final dividend of HKD 0.09 per share for the fiscal year 2024, up from HKD 0.08 per share in 2023, with total dividends payable amounting to HKD 42,726,000[42]. Assets and Liabilities - The total equity of the group as of March 31, 2024, was HKD 8.2731 billion, an increase from HKD 8.0324 billion as of March 31, 2023[18]. - Total assets as of March 31, 2024, amounted to 8,597,279 thousand HKD, an increase from 8,348,399 thousand HKD as of March 31, 2023, representing a growth of approximately 2.97%[56]. - The total liabilities as of March 31, 2024, were 324,180 thousand HKD, compared to 315,982 thousand HKD in the previous year, showing a slight increase of about 2.5%[56]. - The net asset value as of March 31, 2024, was 8,273,099 thousand HKD, compared to 8,032,417 thousand HKD in the previous year, indicating an increase of about 2.99%[56]. Operational Performance - Rental income from the International Plaza for the fiscal year was approximately HKD 289.7 million, a decline of about 2.4% compared to the previous fiscal year, with an occupancy rate of 73.1%[17]. - The management anticipates stable rental income and operational performance for the next fiscal year despite ongoing challenges in the retail and dining sectors[22]. - The company operates solely in the property leasing segment, with no independent regional reporting due to the nature of its operations in Hong Kong and China[72]. Employee and Administrative Expenses - The number of employees as of March 31, 2024, was 37, with related expenses approximately HKD 30.4 million, down from HKD 31.4 million in the previous year[21]. - The company’s administrative expenses for the fiscal year 2024 were HKD 42,614,000, slightly higher than HKD 42,425,000 in 2023[54]. Risk Management and Compliance - The board believes that the current risk management and internal control systems are sufficient, and there is no immediate need to establish an internal audit function[29]. - The board will review the necessity of establishing an internal audit function annually[31]. - The company confirmed compliance with the standard code for securities trading by all directors as of March 31, 2024[33]. Accounting Policies - The company has maintained the same accounting policies as the previous year, ensuring consistency in financial reporting[60]. - The company does not anticipate any significant impact from the new accounting standards that have been adopted during the current reporting period[63]. Other Income and Foreign Exchange - Other income for the year ended March 31, 2024, was 25,625 thousand HKD, a significant increase from 14,415 thousand HKD in the previous year, reflecting an increase of approximately 77.5%[69]. - The net loss from foreign exchange amounted to (1,946) thousand HKD, which is an improvement compared to (2,766) thousand HKD in the previous year, indicating a reduction in losses[70]. Customer Revenue - Revenue from a single customer accounted for approximately 37,939 thousand HKD, which is about 10% of total revenue, slightly down from 38,133 thousand HKD in the previous year[66].
天德地产(00266) - 2024 - 年度业绩