Media OutReach Newswire

2024-07-24 17:45

Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2024

HONG KONG SAR - Media OutReach Newswire – 24 July 2024 -

2024 Interim Results - Financial Highlights

(Figures for the corresponding period in 2023 are shown in brackets)

  • Consolidated revenue: HK$ 545 million (HK$ 452 million)
  • Consolidated operating profit: HK$ 49 million (Consolidated operating loss:HK$ 21 million)
  • Consolidated net loss attributable to equity holders of the Company:
  • HK$ 153 million (HK$ 221 million)
  • Basic loss per share: 7.52 HK cents (10.85 HK cents)
  • No interim dividend (No interim dividend)

Pacific Century Premium Developments Limited ("PCPD", SEHK: 00432) announced its interim results for the six months ended June 30, 2024.

The consolidated revenue of PCPD and its subsidiaries (together, the "Group") amounted to HK$ 545 million, compared to HK$ 452 million for the corresponding period of 2023.

The Group's consolidated loss attributable to equity holders of the Company for the first six months of 2024 totalled HK$153 million, compared to a net loss of HK$221 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2024 was 7.52 Hong Kong cents, compared to a loss per share of 10.85 Hong Kong cents for the corresponding period of 2023.

The Board of Directors did not declare an interim dividend for the first half of 2024.

Throughout the first half of 2024, we remained on the growth trajectory and delivered a set of encouraging results. Our performance in the Japanese market was particularly impressive. On the back of Japan's tourism boom and a devalued yen, Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, recorded a sharp rise in revenue. Throughout the period, our ski business stood out as one of the top performers in the region. Since 2023, earnings from our recreational facilities in the resort, including the upgraded ski lifts, "Hanazono Zipflight", and "42⁰N Art Hanazono – Mountain Lights", have been performing well. We will continue our efforts to develop Niseko Hanazono Resort into a world-class all-season luxury resort, and we are confident that this business segment will bring us growth and prosperity in the years to come.

In Jakarta, our premium commercial building, PCP Jakarta, delivered a stable performance and remained a solid revenue contributor to the Group. As of June 30, 2024, the office space committed occupancy was 87 per cent. The gross rental income amounted to HK$100 million for the six months ended June 30, 2024, compared to HK$121 million for the corresponding period in 2023.

Executive Centre @ PCP, a flexible workplace solution that offers higher quality workspaces to office workers in response to the growing demand for viable one-stop office solutions, has received positive feedback from our tenants. The project was launched under the strategic partnership between our premium commercial property, PCP Jakarta, and Asia's leading premium flexible workspace provider, The Executive Centre.

As Thailand's tourism sector continued to thrive in the first two quarters of 2024, the Group's Aquella Golf & Country Club and 18-hole golf course reported a notable increase in the number of visitors during the period.

Construction of the superstructure of the project at 3–6 Glenealy, Central, Hong Kong, has already commenced in April this year and has been progressing well.

Mr. Benjamin Lam, PCPD's Deputy Chairman and Group Managing Director, said: "Despite some optimism at the start of the year, 2024 has thus far been characterised by a continuation of the risks and factors that plagued different parts of the world throughout the previous year. Geopolitical tensions and slow recovery have kept growth on an uncertain footing. Nevertheless, the global economy has shown its resilience in the past months, maintaining steady growth while inflation is returning to target levels. International tourism across the globe has made near-complete recovery.

As we embark on the second half of the year, we will continue to build on our momentum. Our focus will be on driving our business towards sustainable growth to maximise long-term returns for our stakeholders."

Hashtag: #PCPD

發佈者對本公告的內容承擔全部責任

About PCPD

Pacific Century Premium Developments Limited ("PCPD" or the "Group", SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited ("PCCW", SEHK: 00008) is the single largest shareholder of the Group.

source: Pacific Century Premium Developments

【你點睇】陳美寶、羅淑佩分別被任命為運物局及文體旅局局長,你是否認同新任命有助香港鞏固物流樞紐地位及促進旅遊經濟?► 立即投票

人氣文章
財經新聞
評論
專題
專業版
HV2
精裝版
SV2
串流版
IQ 登入
強化版
TQ
強化版
MQ

【etnet 30周年】多重慶祝活動一浪接一浪,好禮連環賞!

【etnet30周年連環賞】睇住賞Maxcare美天復康寶(升級版) (價值HK$1,680)

etnet榮獲HKEX Awards 2023 「最佳證券數據供應商」大獎

回顧24 展望25

大國博弈

貨幣攻略

說說心理話

聖誕新年特輯

Watche Trends 2024

北上食買玩

Artcation

秋冬養生食療

消委會報告

山今養生智慧

輕鬆護老