Changes in Hong Kong stocks | MTR Corporation (00066) once rose more than 4%, net profit for the first half of the year increased 105.9% year-on-year, property development profit of HK$12.2 billion

The Zhitong Finance App learned that at one point, MTR Corporation (00066) rose by more than 4%. As of press release, it had risen 3.16% to HK$33.34, with a turnover of HK$242 million.

According to the news, the MTR Corporation announced that it obtained revenue of HK$26.231 billion in the first half of this year, a decrease of 3.1%; net profit attributable to the company's shareholders was HK$15.872 billion, up 105.9% year on year; the sharp increase in profit was mainly driven by Hong Kong property development profit of HK$12.233 billion, mainly from Tai Wai Station and the “Hong Kong Island South Bank” Phase V project; it plans to declare an interim dividend of HK$0.42 per share.

Recurring business profit increased slightly during the period to HK$3.434 billion, while profit of HK$3,391 billion was achieved in the same period last year, mainly due to increased contributions from mainland China and international businesses. However, depreciation of the Hong Kong business and rising annual non-fixed payments offset part of the increase.