Revenue and Profit - Revenue for the six months ended September 30, 2024, was HKD 11.8 million, a decrease of 87.5% compared to HKD 94.2 million for the same period in 2023[2] - Gross profit for the same period was HKD 2.4 million, down 87.0% from HKD 18.4 million year-on-year[3] - Operating profit decreased slightly to HKD 8.9 million, compared to HKD 9.3 million in the previous year, reflecting a decline of 4.3%[4] - Profit attributable to equity holders of the company was HKD 36.6 million, an increase of 2.5% from HKD 35.7 million in the prior year[6] - Basic and diluted earnings per share were HKD 5.9 cents, up from HKD 5.8 cents, representing a growth of 1.7%[7] - The company reported a profit attributable to equity holders of HKD 35.7 million for the six months ended September 30, 2023[22] - Earnings per share for the period was HKD 0.0366, based on 617,531,425 shares issued[30] Dividends - The proposed interim dividend remains at HKD 0.12 per ordinary share, consistent with the previous year[8] - The proposed interim dividend is HKD 0.012 per ordinary share, consistent with the previous year[31] - The group plans to distribute an interim dividend of HKD 0.12 per share on January 7, 2025, consistent with the previous year's dividend[40] Assets and Liabilities - The company's total assets as of September 30, 2024, were HKD 6,401.0 million, slightly down from HKD 6,440.9 million as of March 31, 2024[13] - Total assets as of September 30, 2023, amounted to HKD 6,701.6 million, while total liabilities were HKD 300.6 million[25] - The group’s total assets minus current liabilities stood at HKD 9,590.9 million as of September 30, 2024, compared to HKD 9,600.4 million as of March 31, 2024[48] - As of September 30, 2024, the group's net cash after deducting loans was HKD 1.0587 billion, down from HKD 1.2038 billion on March 31, 2024[59] - The group's capital debt ratio was 0.9% as of September 30, 2024, compared to 0.4% on March 31, 2024[59] - The group has pledged properties with a book value of approximately HKD 425.1 million to secure bank loans totaling HKD 124.3 million[60] Other Income and Expenses - Other income increased to HKD 37.8 million, up 33.0% from HKD 28.4 million year-on-year[3] - Employee expenses for the first half of the fiscal year ending September 30, 2024, reached HKD 29.7 million, excluding director remuneration[61] - The company generated bank interest income of HKD 26.7 million for the six months ended September 30, 2023[25] - The estimated tax expense for the period was calculated at a rate of 16.5%[28] Strategic Focus and Development - The company continues to focus on property investment and development, with a strategic emphasis on enhancing operational efficiency and market expansion[18] - The group is developing a luxury residential building on Ap Lei Chau, expected to be completed by the end of 2025[53] - The French Valley Airport Center project in California is progressing well, with the third phase of sales performing ideally and the fourth phase construction expected to be completed in Q1 2025[54] - The hotel segment, particularly the Hong Kong Renaissance Hotel, has maintained a strong performance with high occupancy rates amid the recovery of inbound tourism[55] - The group anticipates that recent interest rate cuts and economic stimulus measures in the mainland will boost local economic development and internal demand[56] Financial Position - The net asset value per share remained stable at HKD 61.7 million, unchanged from the previous period[13] - The net asset value per share, based on the market valuation of hotel properties, was HKD 15.43 as of September 30, 2024, slightly down from HKD 15.49 as of March 31, 2024[50] - The group's non-current bank loans amounted to HKD 59.2 million as of September 30, 2024, compared to HKD 23.2 million as of March 31, 2024[36] - The actual annual interest rate for the loans was 7.6% as of September 30, 2024, down from 8.08% as of March 31, 2024[38] Fair Value and Losses - The company recognized a fair value loss of HKD 9.4 million on financial investments for the six months ended September 30, 2024[27]
TAI CHEUNG HOLD(00088) - 2025 - 中期业绩