Jin Rong Jie·2025-08-15 02:07Core Viewpoint - MTR Corporation reported a decline in revenue for the first half of the year, despite an increase in net profit, leading to a drop in stock price following the earnings announcement [1]. Financial Performance - The company's revenue for the first half was HKD 27.36 billion, a year-on-year decrease of 6.5% [1]. - Net profit reached HKD 7.709 billion, reflecting a year-on-year increase of 27.5% [1]. - Earnings per share were HKD 1.24, with an interim dividend of HKD 0.42 per share, unchanged from the same period last year [1]. Business Segments - Profit from recurring operations was approximately HKD 3.391 billion, down 15.7% [1]. - Profit from property development surged by 218.5% to HKD 5.542 billion, primarily driven by contributions from the first and second phases of the Ho Man Tin Station project and the third and fifth phases of the South Island project [1]. - Basic business profit increased nearly 55% to HKD 8.933 billion [1]. Investment Property Valuation - The company recorded a fair value loss of HKD 1.224 billion on investment properties during the period, compared to a gain of HKD 0.28 billion in the same period last year [1].