HKG:0071 Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	2,753	2,858	2,553	1,382	1,247	1,315
Other Revenue	0.1	0.07	0.18	0.18	0.18	0.2
Total Revenue	2,753	2,858	2,553	1,382	1,247	1,315
Revenue Growth (YoY	-2.09%	11.98%	84.66%	10.84%	-5.14%	-57.06%
Property Expenses	1,815	1,861	1,586	703.03	557.77	688.81
Selling, General & Administrative	271.14	280.49	228.7	170.04	131.67	131.6
Depreciation & Amortization	79.58	76.84	67.21	57.78	66.51	89.81
Other Operating Expenses	-332.98	-361.43	-300.13	-117.32	-47.37	-108.73
Total Operating Expenses	1,832	1,857	1,582	813.53	708.58	801.49
Operating Income	920.2	1,002	970.88	568.88	538.62	513.31
Interest Expense	-3.08	-2.66	-2.27	-2.14	-2.24	-3.32
EBT Excluding Unusual Items	917.12	999.19	968.61	566.74	536.39	509.99
Gain (Loss) on Sale of Investments	-	-	-	-	3.41	1.06
Gain (Loss) on Sale of Assets	-	-	-	-	18.7	-
Asset Writedown	-73.51	-76.67	159.53	-23.16	-143.75	-186.25
Other Unusual Items	-	-	-	36.61	8.01	83.51
Pretax Income	843.61	922.52	1,128	580.19	422.76	408.31
Income Tax Expense	109.54	120.24	110.84	91.65	87.11	99.37
Earnings From Continuing Operations	734.07	802.28	1,017	488.54	335.65	308.94
Minority Interest in Earnings	-38.5	-55.72	-40.17	-8.44	-5.7	-7.04
Net Income	695.56	746.56	977.14	480.1	329.96	301.9
Net Income to Common	695.56	746.56	977.14	480.1	329.96	301.9
Net Income Growth	-28.30%	-23.60%	103.53%	45.51%	9.29%	-76.57%
Basic Shares Outstanding	691	691	691	691	691	691
Diluted Shares Outstanding	691	691	691	691	691	691
EPS (Basic)	1.01	1.08	1.41	0.69	0.48	0.44
EPS (Diluted)	1.01	1.08	1.41	0.69	0.48	0.44
EPS Growth	-28.12%	-23.40%	104.35%	44.49%	9.29%	-76.51%
Dividend Per Share	0.530	0.530	0.530	0.500	0.460	0.500
Dividend Growth	-	-	6.00%	8.70%	-8.00%	-13.79%
Operating Margin	33.43%	35.05%	38.03%	41.15%	43.19%	39.04%
Profit Margin	25.27%	26.12%	38.28%	34.73%	26.46%	22.96%
EBITDA	951.23	1,033	999.82	595.9	569.09	552.86
EBITDA Margin	34.56%	36.13%	39.17%	43.11%	45.63%	42.05%
D&A For Ebitda	31.03	30.87	28.94	27.02	30.47	39.55
EBIT	920.2	1,002	970.88	568.88	538.62	513.31
EBIT Margin	33.43%	35.05%	38.03%	41.15%	43.19%	39.04%
Effective Tax Rate	12.98%	13.03%	9.83%	15.80%	20.60%	24.34%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.