KRP Developmentâs Profit Down in Fiscal Year 2023

MT Newswires Live06-18

KRP Development Holdings (HKG:2421) recorded a 78% decline in attributable profit for the year ended March 31 to 40.1 million yuan from 180.8 million yuan a year prior, a Tuesday filing on the Hong Kong bourse said.

Earnings per share were 7.90 yuan during the year, down from 35.80 yuan in fiscal year 2023, according to the filing.

The real estate developer's revenue fell by 68% to 226.9 million yuan from 700.8 million yuan during the corresponding period last year.

The company has recommended a final dividend of HK$0.02 per share for the year to shareholders of record on Sept. 6.

Shares of the company closed nearly 3% lower on Tuesday.

Price (HKD): $0.67, Change: $-0.02, Percent Change: -2.90%

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KRP Developmentâs Profit Down in Fiscal Year 2023

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KRP Developmentâs Profit Down in Fiscal Year 2023