Zhitong Financial App News, Weilu Group (01196) announced interim results for the six months ended June 30, 2023, with a total income of HK $392 million, a profit attributable to the company's owners of HK $48.561 million and a profit of HK $3.371 per share.
It is reported that the income of the property classification mainly comes from the rental income of investment properties. The Group generated rental income of HK $8.9 million in the first half of 2023 (first half of 2022: HK $5.6 million). The increase in rental income is mainly due to the increase in the number of tenants of Shanshi Shopping Centre. In the first half of 2023, the property classification made a classified profit of HK $235.6 million.
Income from the financial services segment increased by HK $25.1 million from HK $63.1 million in the first half of 2022 to HK $88.2 million in the first half of 2023. The increase was mainly due to increases in interest income from margin financing and money lending operations of HK $6 million and HK $17.5 million respectively.
The financial services segment made a classified profit of HK $45.4 million in the first half of 2023, an increase of HK $28.4 million from HK $17 million in the first half of 2022. The increase in segment profit was mainly due to the following net effects: an increase in income of HK $25.1 million; an increase in interest income from loans receivable for credit impairment of HK $1.1 million; and a decrease in staff costs of HK $2.6 million.