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Henderson Land profit falls 47% YoY to $3.17b in H1 2024

The company attributed the decline to fair value loss incurred during the period.

HKEX-listed Henderson Land’s profit attributable to equity shareholders fell 47% YoY to $3.17b in H1 2024.

In a bourse filing, the company attributed the decline to the fair value loss of $2.3b recorded in H1 2024 due to the revaluation of its completed investment properties and investment properties under development.

With the decline in profit, the company reported lower earnings per share of $0.66.

Despite lower profit, the board declared an interim dividend of $0.5 per share, unchanged from the previous year.

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