Performance | K. Wah International posted a loss of HKD 870 million last year, with dividends reduced to 1 cent

SighingCashier · 2026-03-27T05:13:47+00:00

K. Wah International's 2023 report shows a shareholders' loss of HKD 869 million, with poor performance and a 72.38% decline in revenue. The group reduced dividends, and the Hong Kong residential market is expected to gradually recover by 2026, while commercial properties still face difficulties. Meanwhile, the Mainland market will undergo transformation, with the government continuing to provide policy support. The group will focus on quality projects and regions to seek business opportunities.

SighingCashier

2026-03-27 05:13:47

Abstract generation in progress

K Wah International (00173) announced its full-year results for the year ending last year, reporting a loss attributable to shareholders of HK$869 million, with a profit of HK$335 million projected for the fiscal year 2024. The basic loss per share is 27.57 cents.

The group declared a final dividend of 1 cent per share, an 80% decrease year-on-year; combined with an interim dividend of 2 cents, the total dividend for the year is 3 cents, a decrease of 66.67%.

During the period, the revenue was HK$1.985 billion, a year-on-year decline of 72.38%. As of the end of last year, the group had signed but unrecognized sales amounting to HK$6.5 billion, expected to be accounted for starting this year.

Looking ahead to 2026, K Wah International anticipates that the Hong Kong residential property market will continue its recovery trend. Supported by stable interest rates, ongoing demand from mainland buyers, and a return to normal supply levels, it is expected that general residential property prices will rise by about 5% to 7%. However, the commercial property sector may continue to face challenges.

On the mainland, the group forecasts that the real estate market will continue to transform towards a new development model. Government policy support will remain focused on targeted measures to ensure the delivery of pre-sold housing, alleviate financial risks, and increase the supply of affordable housing. It is expected that the performance of the property market will continue to vary between core first-tier cities and lower-tier cities.

K Wah International stated that despite the challenging market environment, the group will continue to strive to provide quality products, maintain a good brand image, strictly implement cost and project management, and remain focused on quality projects in key areas of first-tier cities in Hong Kong and the mainland, actively seeking business opportunities, and prudently and orderly seeking opportunities in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions, while timely replenishing land reserves.

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