Hongkong Land Holdings posts US$582m net loss in FY23

The company attributed its loss to a gradual decline in its prime office portfolio valuation.

Hongkong Land Holdings posted a loss attributable to shareholders of US$582m in FY23, following a year of profit in FY22.

In a bourse filing, the company said it recorded a net non-cash loss of US$1.3b in FY23, "arising primarily from the revaluation" of its Investment Properties portfolio.

In FY22 and FY23, the company said, "negative revaluation movements principally arose in Hong Kong, where there was a gradual decrease in valuations of the group’s prime office portfolio."

In FY23, the underlying profit of Hongkong Land Holdings Limited also dropped 5% to US$734m.

In a statement, the group said lower profits from development properties amidst an improvement in results from investment properties compared to 2022 affected their financial performance.

Still, the directors proposed a final dividend of US$0.16 per share.

Follow the link for more news on

Hongkong Land

Financial Statements

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia