Shanghai Industrial (HKG:0363) recorded a decline in attributable profit in 2024 to HK$2.81 billion from HK$3.42 billion in the year-ago period, a Thursday filing with the Hong Kong bourse said.

Earnings per share were HK$2.582 in the year, down from HK$3.149 in the previous corresponding year.

The conglomerate's revenue fell by 12% to HK$28.9 billion in the year from HK$32.7 billion a year prior, mainly due to a lower booked revenue on delivery of properties of the real estate business.

The firm recommended a final dividend of HK$0.52 per share for the year, payable on or around June 18 to shareholders of record on June 6.