Kerry Properties Posts 20% Rise in Interim Net Profit to HK$735 Million

Stock News08-24

Kerry Properties Ltd (HKEX: 00683) has announced its interim results for 2026, reporting a 20% year-on-year increase in profit attributable to shareholders to HK$735 million.

During the period under review, the group generated revenue of HK$5.557 billion, marking a 31% decrease compared to the previous year. Basic earnings per share stood at HK$0.51, with an interim dividend of HK$0.40 per share declared.

The group achieved contracted sales of HK$6.872 billion during the period, down from HK$16.186 billion in the first half of 2025. This decline in contracted sales was primarily attributed to the pre-sale of Shanghai Jinling Huating project in the first half of 2025. Notably, Hong Kong projects contributed over 80% of the group's total contracted sales in the first half of 2026.

Consolidated revenue fell 33% year-on-year to HK$6.671 billion, compared to HK$9.954 billion in the corresponding period of 2025, mainly reflecting a reduction in revenue recognised from Hong Kong development properties.

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