On July 31, GLONGHG Group (00010.HK) announced that for the six months ending June 30, 2023, the company's total revenue fell 1% from the same period last year to HK$5.525 billion. With its unique positioning and firm execution strategy, the company was able to achieve a strong performance in property leasing, but due to the devaluation of the RMB and the low revenue recorded from property sales, total revenue recorded a decline. Property rental revenue increased 4% to HK$5,523 million, and property sales revenue was HK$2 million (2022: HK$316 million). Overall operating profit increased 3% to HK$4,034 billion. The basic net profit attributable to shareholders for the first half of 2023 fell 3% from the same period last year to HK$1,560 million. The corresponding basic profit per share also fell to HK$1.15.
After taking into account net revaluation income of HK$122 million (2022: net revaluation loss of HK$161 million), the Group recorded net profit attributable to shareholders of HK$1,682 million (2022: HK$1,439 million), with a corresponding profit of HK$1.24 per share. The Board of Directors announced that the 2023 interim dividend will be distributed in cash at HK$2.1 cents per share (2022: HK$1). The interim dividend will be distributed to shareholders on September 29, 2023, who are on the list of shareholders on September 15, 2023.