CK Asset (01113) has announced its interim results for the 2026 financial year. For the period, the group recorded revenue of HK$40.306 billion, a 58.77% increase compared to the same period last year. Net profit attributable to shareholders reached HK$8.683 billion, up 37.78% year-on-year. Earnings per share stood at HK$2.48, and the company declared an interim dividend of HK$0.41 per share.
During the first half of the year, Hong Kong's mortgage interest rates remained at low levels, boosting market sentiment and driving up residential property transactions and prices. As a result, the property market continued to stabilize. In mainland China, the government introduced several measures in key cities to support the real estate sector. The group, as always, stayed close to the market and adopted proactive sales strategies to promote residential projects. In the second quarter, it launched Phase 5B-2b of Shanghai Yuqinyuan and Phase 2 of 21 Borrett Road in Hong Kong's Mid-Levels, which received a positive market response. The Wah Yee Lau project in Kai Tak, Hong Kong, is expected to be launched for pre-sale in the second half of 2026. The group will continue its prudent strategy, seeking high-quality land reserves for future development.
The office leasing market in Central saw a sustained recovery in the first half of the year. The trend of large enterprises moving into premium office spaces continued, driving demand for super Grade A properties in core areas. The occupancy rate of CK Asset's Two Cheung Kong Center rose steadily during the period. The group's property leasing performance was strong overall. Its social infrastructure investment portfolio in the UK continued to generate stable, recurring income, providing solid support for the overall leasing performance, especially against the backdrop of a slowdown in the property leasing markets of Hong Kong and mainland China.
In the first half of 2026, Hong Kong's tourism sector continued to improve steadily, with visitor arrivals and overnight visitor numbers extending their growth trend. The group's hotel and serviced suite business remained stable, with an average occupancy rate of about 90%. CK Asset will continue to optimize its hotel and serviced suite portfolio to adapt to changes in the needs of hotel guests and long-stay tenants, thereby increasing revenue and diversifying income sources. The group is also strategically developing digital technology facilities and investing in operational efficiency improvements to enhance the customer experience and boost business performance.
The UK's pub industry faced increasing operational challenges during the period, including high labor costs, business rates, inflationary pressures, and shifting consumer spending patterns. Despite these headwinds, Greene King's pub business demonstrated resilience. Greene King improved its margins by streamlining operations, strictly controlling costs, and focusing resources on its core pub portfolio. The company will continue to enhance property quality to improve the customer experience and leverage digital platforms to deepen customer loyalty and expand its market share.