New World Development’s Total Revenue Exceeds HK$40 Billion in the First Half of the Fiscal Year, With Shanghai K11 Membership Sales Accounting For Nearly 70%

3月 02, 2023

On February 23, New World Development (NWD) released its interim performance report for 2022/2023. For the six months leading up to December 31, 2022, the company recorded total revenue of HK$40.193 billion, a year-on-year increase of 12.99%, and a net profit attributable to equity holders of HK$1.209 billion, a year-on-year decrease of 15.03%.
In regards to property investment in Mainland China, NWD achieved a revenue of HKD 896 million from its Mainland China investments during the reporting period, with the overall rental performance of its investment property portfolio remaining s …