The Zhitong Finance App learned that Binhai Investment (02886) fell nearly 6%. As of press release, it was down 5.8% to HK$1.3, with a turnover of HK$2.3916 million.
According to the news, Binhai Investment announced its 2023 annual results. The group received revenue of HK$6.407 billion, an increase of 5% over the previous year; revenue due to company owners during the year was HK$257 million, a decrease of 21% over the previous year; and plans to pay a final dividend of HK$0.076 per share. According to the announcement, the reduction in profit attributable to company owners was mainly due to the increase in financing costs this year. Due to the continued rise in SOFR during the period, the financing costs of US dollar syndicated loans increased.