Glonghui, March 21 | Sun Hung Kai Company (00086.HK) announced that the Group's revenue in 2023 will remain relatively stable at HK$3,916.6 million (2022: HK$4,054.1 million). Revenue mainly included interest income of HK$3,462.4 million from credit operations (previously referred to as financing operations) for the year.
In 2023, losses attributable to the company's shareholders were HK$471.4 million, including a one-time deduction of HK$158.9 million relating to the company's equity in a joint venture in mainland China (engaged in car rental business). The significant improvement over the previous year's loss of HK$1,534.8 million was mainly due to a reduction in losses in the investment management segment in terms of market value.
In view of strong cash flow, declining capital-to-debt ratio and stable earnings, the company maintained its dividend and share repurchase policies in 2023. Since 2007, the company has given back a total of HK$13.9 billion to shareholders. The Board of Directors announced the payment of a second interim dividend of HK14 cents per share, the same as last year. Together with the interim dividend of HK12 cents per share, the total dividend per share for 2023 is HK26 cents (2022: HK26 cents per share).