Sino Land Posts 14% Profit Rise, Maintains 43-Cent Final Dividend
AM730 · 3 SOURCESabout 3 hours ago2 MIN
Summary
Sino Land Limited (083) announced its full-year results for the fiscal year ending June 30, 2026, reporting a 14.2% year-on-year increase in net profit attributable to shareholders to HK$4.59 billion . Group revenue rose 13.3% to HK$9.27 billion, driven by robust property sales despite a challenging rental market . The board recommended maintaining the final dividend at HK$0.43 per share, with total annual dividends reaching HK$0.58 per share including the HK$0.15 interim dividend already paid . The company's underlying profit, excluding non-cash investment property fair value changes, stood at HK$4.79 billion, representing a 6.4% decline from the prior year . Sino Land successfully bid for the Northern Metropolis Hung Fuk Hang/ Ha Tsuen New Development Area pilot zone development project, marking a significant strategic expansion .
Key Points
- Sino Land achieved contracted sales of over 3,500 residential units in Hong Kong during the year, with recognized property sales revenue of HK$12.1 billion
- The group launched Park Seasons, Pak Long III, and Seabed Lane projects, all recording strong market response; Seabed Lane Phases I and II sold over 1,060 units combined
- Total rental income slipped 1.5% to HK$3.43 billion as retail and industrial weakness offset residential gains and improved office occupancy, with overall portfolio occupancy at 90%
- Hotel operations showed recovery with revenue rising 3.9% to HK$1.57 billion and operating profit increasing to HK$519 million, benefiting from rising visitor arrivals
- The company acquired three sites in Jordan Valley, Tuen Mun, and Kam Sheung Road Phase 2, and holds a land bank of approximately 19.4 million square feet across Hong Kong, mainland China, Singapore, and Sydney