Stock Track | Kowloon Development Plummets 5.82% Intraday as Revenue Decline Overshadows Profit Growth
Stock Track
Mar 23
Kowloon Development's stock plummeted 5.82% during Monday's intraday trading session, reflecting investor concerns about the company's financial performance.
Despite reporting a rise in profit attributable to shareholders to HK$130.6 million for 2025 from HK$115.7 million a year earlier, the company's revenue declined to HK$4.95 billion from HK$5.39 billion. This revenue drop appears to have outweighed the positive profit news in investors' assessment of the company's outlook.
The board recommended a final dividend of HK$0.14 per share, payable in July to shareholders on the register as of mid-June.
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