Ge Long Hui·2025-08-20 04:28Core Viewpoint - Kerry Properties (00683.HK) reported a significant increase in revenue for the first half of 2025, but a decline in shareholder profit, indicating mixed performance amid market challenges [1] Financial Performance - The group's revenue for the first half of 2025 reached HKD 8.059 billion, representing a year-on-year increase of 60% [1] - Shareholder profit attributable to the company was HKD 612 million, a year-on-year decrease of 22% [1] - Excluding the impact of special items, the underlying profit decreased by 30% to HKD 978 million [1] - Earnings per share for the first half of 2025 were HKD 0.42, with adjusted earnings per share based on underlying profit at HKD 0.67 [1] - The board declared an interim dividend of HKD 0.40 per share [1] Sales and Revenue Drivers - The group's contract sales amounted to HKD 16.186 billion, driven by strong performance from the Shanghai Jinling Road project [1] - Consolidated revenue increased by 65% year-on-year to HKD 9.954 billion, primarily benefiting from the recognition of sales from the Hong Kong Tiwai and Hoi Ying Shan development projects [1] - However, this growth was partially offset by a 5% decline in consolidated rental income from investment properties and hotels, reflecting ongoing challenges in the commercial property market [1]