Henderson Land Development’s profit rises to $9.26b in 2023

The proposed final dividend will be distributed to shareholders on 21 June 2024.   

Henderson Land Development Company Limited reported its profit at $9.26b for the year 2023, showing an increase of $22m or 0.2% from the previous year.

The group’s underlying profit attributable to equity shareholders for the same year amounted to $9.71b, reflecting a 0.8% growth.

The profit in 2023 included a net gain of $1.6b from the remeasurement of Sunlight Real Estate Investment Trust’s, a listed associate of the company, net assets to fair value.

The group has also recorded a fair value loss of $445m after reevaluating its completed investment properties and those under development.

The interim dividend payment was at $0.50 per share, whereas the total dividend for the year ended amounted to $1.80.

The board recommended a final dividend payment of $1.30 per share to shareholders whose names appear on the Register of Members of the Company.