News

Economy

Staff Reporter

, Hong Kong

Published:

1 month ago

Photo by Andrea Piacquadio via Pexels

Henderson Investment suffers $72m loss in 2023

It was mainly attributed to lower sales at APITA at Taikoo Shing.

Henderson Investment Limited reported a $72m loss for the fiscal year ending 31 December 2023, compared to a profit of $5m the previous year.

The loss was mainly attributed to lower sales at APITA at Taikoo Shing due to renovations, reduced demand at supermarkets following the lifting of social distancing measures, and a decline in overall retail sales due to increased outbound travel and cross-border consumption.

Earnings per share dropped to 2.4 cents from .2 cents in 2022 whilst net asset value per share decreased to $.38 from $0.42.

Due to the poor financial performance, the board has decided against recommending the payment of a final dividend for the year.

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