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DL Holdings Group Posts Higher Fiscal H1 Profit
The mid-term net profit of dl holdings gp (01709.HK) is 7.75 million yuan, an increase of 11%, with no dividend declared.
dl holdings gp (01709.HK) announced its interim results for the six months ended September, with revenue of 83.05 million yuan, a decrease of 18% year-on-year. It recorded a net profit of 7.75 million yuan, an increase of 11%, with earnings per share of 0.52 cents. No interim dividend was declared.
dl holdings gp (01709) announced its interim results, with a net profit of 7.749 million Hong Kong dollars, a year-on-year increase of 10.97%.
dl holdings gp (01709) announced its interim performance for the six months ended September 30, 2024, with earnings of 8304...
DL HOLDINGS GP: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Chen Ningdi from dl holdings gp expects that the rental prices of commercial property in Hong Kong will stop falling by mid-next year.
Chen Ningdi, chairman of the board of dl holdings gp (01709.HK), wrote that in recent years, the commercial property market in hong kong has experienced significant fluctuations, particularly under the dual impact of the pandemic and changes in the global economic situation, leading to a generally pessimistic market sentiment. However, looking ahead, Chen Ningdi believes that as the Federal Reserve accelerates interest rate cuts, which are expected to reach around 3% by mid-2025, the commercial property prices in hong kong will also emerge from their downturn. Regarding rents, the Federal Reserve's interest rate cuts will provide room for continued easing in china's mmf policy, and the spillover effects from the simultaneous easing of the renminbi and the US dollar will directly increase the demand for office space in hong kong, with rental prices expected to rise.
dl holdings gp (01709.HK) will hold a board of directors meeting on November 27 to approve the interim performance.
Gelonghui reported on November 14 that dl holdings gp (01709.HK) announced that the board of directors will hold a meeting on November 27, 2024, to consider and approve the unaudited performance of the company and its subsidiaries for the six months ending September 30, 2024, as well as its publication and to consider declaring a interim dividend (if any).
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