HKG:2778 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	2016 - 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	2016 - 2020
Rental Revenue	2,099	2,185	2,312	2,359	2,495	2,633	Upgrade
Property Management Fees	270.65	274.22	263.67	266.37	274.19	287.06	Upgrade
Other Revenue	11.11	25.07	-69.35	-42.51	22.31	-	Upgrade
Total Revenue	2,381	2,484	2,506	2,583	2,792	2,920	Upgrade
Revenue Growth (YoY	-4.00%	-0.90%	-2.96%	-7.48%	-4.41%	-5.21%	Upgrade
Property Expenses	823.9	829.26	841.07	820.34	820.3	831.86	Upgrade
Selling, General & Administrative	44.82	48.97	46.73	47.62	41.79	49.03	Upgrade
Total Operating Expenses	868.72	878.22	887.79	867.95	862.09	880.89	Upgrade
Operating Income	1,512	1,606	1,619	1,715	1,929	2,039	Upgrade
Interest Expense	-650.14	-668.98	-613.17	-439.77	-424.94	-469.99	Upgrade
Interest & Investment Income	34.08	46.99	51.34	26.41	82.02	51.77	Upgrade
Other Non-Operating Income	-7.38	-8.27	-6.25	-7.76	-6.39	-2.82	Upgrade
EBT Excluding Unusual Items	888.89	975.31	1,050	1,294	1,580	1,618	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-20.15	-	2.6	Upgrade
Asset Writedown	-3,369	-2,899	-641.38	-1,749	-2,079	-13,847	Upgrade
Other Unusual Items	-	-	-	-48.24	-76.15	-	Upgrade
Pretax Income	-2,480	-1,924	409.05	-523.88	-575.38	-12,226	Upgrade
Income Tax Expense	149.17	162.45	188.43	225.44	255.98	270.89	Upgrade
Net Income	-2,629	-2,087	220.62	-749.32	-831.36	-12,497	Upgrade
Net Income to Common	-2,629	-2,087	220.62	-749.32	-831.36	-12,497	Upgrade
Basic Shares Outstanding	6,089	6,061	6,001	5,963	5,928	5,896	Upgrade
Diluted Shares Outstanding	6,089	6,061	6,001	5,963	5,928	5,896	Upgrade
Shares Change (YoY)	0.97%	1.00%	0.64%	0.58%	0.56%	0.52%	Upgrade
EPS (Basic)	-0.43	-0.34	0.04	-0.13	-0.14	-2.12	Upgrade
EPS (Diluted)	-0.43	-0.34	0.04	-0.13	-0.14	-2.12	Upgrade
Dividend Per Share	0.131	0.142	0.168	0.195	0.228	0.250	Upgrade
Dividend Growth	-16.04%	-15.51%	-13.87%	-14.11%	-8.85%	-6.24%	Upgrade
Operating Margin	63.52%	64.64%	64.58%	66.40%	69.12%	69.84%	Upgrade
Profit Margin	-110.43%	-84.01%	8.80%	-29.01%	-29.78%	-427.94%	Upgrade
EBIT	1,512	1,606	1,619	1,715	1,929	2,039	Upgrade
EBIT Margin	63.52%	64.64%	64.58%	66.40%	69.12%	69.84%	Upgrade
Effective Tax Rate	-	-	46.07%	-	-	-	Upgrade
Revenue as Reported	2,370	2,459	2,576	2,625	2,769	2,920	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.