CH OVS G OCEANS (00081) Posts 15.4% Profit Growth in Interim Results

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CH OVS G OCEANS (00081) has announced its financial results for the six-month period ended June 30, 2026, revealing a notable increase in profitability despite a slight dip in revenue.

The company recorded revenue of RMB 14.145 billion for the period, marking a 2.7% decrease year-on-year. However, profit attributable to shareholders rose by 15.4% to RMB 328 million, with basic earnings per share standing at RMB 9.2 cents. The board has proposed an interim dividend of HK 1.5 cents per share.

During the period, the group's subsidiaries acquired four new projects across three cities, with a total gross floor area of approximately 484,000 square meters for newly purchased land, fully attributable to the group. The aggregate consideration for these acquisitions amounted to RMB 2.078 billion.

As of June 30, 2026, the group's land bank comprised a total gross floor area of 11.4305 million square meters, of which 908,400 square meters was held by associates and joint ventures. The group's attributable share of the land bank stood at 9.8041 million square meters.

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