KE Holdings' Q2 Attributable Profit, Revenue Increase; Buyback Program Gets Extension

MT Newswires Live08-13

KE Holdings' (HKG:2423) attributable profit rose to 1.89 billion yuan in the second quarter from 1.31 billion yuan in the year-ago period, according to a Monday filing with the Hong Kong Stock Exchange.

Earnings per share at the housing transactions services platform operator increased to 0.54 yuan from 0.36 yuan in the previous year.

Total net revenue jumped almost 20% to 23.4 billion yuan from 19.5 billion yuan a year earlier.

For the half year, attributable profit plunged to 2.32 billion yuan from 4.06 billion yuan while EPS fell to 0.66 yuan from 1.11 yuan. Revenue inched down to 39.7 billion yuan from 39.8 billion yuan.

KE Holdings also increased its share buyback program to $3 billion from $2 billion and extended the program to Aug. 31, 2025. The company has so far bought back $480 million of shares in 2024.

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