China Resources Land posts $27.37b profit in 2024

Revenue also grew 11% YoY.

China Resources Land Limited reported a profit attributable to shareholders of $27.37b (¥25.58b) for 2024.

The company’s consolidated revenue grew 11% year on year (YoY) to $298.30b (¥278.80b ). Property development revenue rose 11.8% YoY to $253.86b (¥237.15b ), while investment property revenue increased 4.8% YoY to HKD24.94b (¥23.30b). Revenue from asset-light management expanded 14% YoY to $12.98b (¥12.13b), and eco-system elementary business revenue inched up 0.5% YoY to $6.66b (¥6.22b).

Recurring business revenue rose 6.6% YoY to $44.57b (¥41.65b), contributing 14.9% of total revenue.

The board proposed a final dividend of $1.20 (¥1.119) per share for 2024. Including the interim dividend of $0.21 (¥0.20) per share, the total dividend for the year will be $1.41 (¥1.319) per share.

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