万邦投资(00158) - 2024 - 中期业绩

Financial Performance - The total comprehensive income attributable to shareholders for the year amounted to HKD 20,128 million, with a fair value gain on financial assets of HKD 1,167 million [2]. - The basic and diluted loss per share for the period was HKD 0.76, compared to HKD 0.02 in the previous period [2]. - The net profit for the six months ending March 31, 2024, was HKD 18.96 million, a significant increase from HKD 0.487 million in the same period of 2023 [28]. - The company achieved a profit before tax of HKD 27,787,000, significantly higher than HKD 7,771,000 in the prior year, marking a 257% increase [60]. - Net profit attributable to shareholders for the period was HKD 18,961,000, compared to HKD 487,000 in the previous year [60]. Assets and Liabilities - As of March 31, 2024, non-current assets included investment properties valued at HKD 7,039 million, slightly down from HKD 7,064 million as of September 30, 2023 [3]. - Cash and bank deposits decreased to HKD 242,435 million from HKD 254,113 million [3]. - Current liabilities, including accounts payable and accrued expenses, totaled HKD 38,636 million, compared to HKD 40,378 million in the previous period [3]. - The net assets of the group as of March 31, 2024, were HKD 7,330,461 million, a slight decrease from HKD 7,355,333 million [3]. - Trade receivables as of March 31, 2024, were HKD 1.47 million, a decrease from HKD 1.84 million in the previous period [33]. Revenue and Income - Interest income for the six months ended March 31, 2024, was HKD 3,592 million, down from HKD 3,769 million in the prior period [9]. - The total revenue from property investment, including rental income and property management fees, was HKD 79.89 million, compared to HKD 77.69 million in 2023 [49]. - For the six months ended March 31, 2024, the company reported revenue of HKD 79,888,000, an increase of 2.8% from HKD 77,689,000 in the same period of 2023 [60]. - Gross profit for the same period was HKD 61,664,000, up from HKD 53,879,000, reflecting a gross margin improvement [60]. Dividends - The group declared an interim dividend of HKD 1.80 per share, totaling HKD 45 million, consistent with the previous year [11]. - The company declared an interim dividend of HKD 1.80 per share, totaling HKD 45,000,000, consistent with the previous year [51]. Operational Efficiency - The company reported a decrease in operating costs to HKD 18,224,000 from HKD 23,810,000, contributing to higher profitability [60]. - Trade receivables decreased to HKD 2,787,000 as of March 31, 2024, down from HKD 4,554,000 as of September 30, 2023, indicating improved collection efficiency [55]. Investment Properties - Rental income increased by 3% to HKD 79.90 million, compared to HKD 77.70 million in 2023 [35]. - The core operating profit from leasing business rose by 18% to HKD 48.86 million, up from HKD 41.50 million in the previous year [35]. - The fair value loss on investment properties for the current period was HKD 29.90 million, an improvement from HKD 41.00 million in the same period last year [35]. - The fair value loss on investment properties was HKD 29,895,000, reduced from HKD 41,000,000 in the previous period, indicating better asset performance [60]. - The occupancy rates for the investment properties were 91.6% and 85.0% for the Central Wan Bang Building and the Jin Li Commercial Building, respectively [36]. Company Strategy - The company plans to continue focusing on its core leasing business and improving the performance of its investment properties [35]. - The group did not engage in any acquisitions or disposals of subsidiaries during the period [23]. - There were no significant capital investments or future development plans announced by the group [23]. Taxation - The effective tax rate for the group was calculated based on a two-tier system, with profits up to HKD 2,000,000 taxed at 8.25% and profits above that taxed at 16.5% [68].