China Overseas Land and Investment Ltd. (CAOVF.PK), on Wednesday reported lower first-half earnings hurt by weak revenue.
Further, the company maintained its projected outlook at the beginning of the year, expecting that the driving forces will slow further declines and restore stability in the property market.
In Addition, the board declared an interim dividend of HK25 cents per share, amounting to RMB2.52 billion for the six months ended on June 30.
For the half year, the company reported a profit attributable to shareholders of RMB8.60 billion, lower from RMB10.31 billion a year ago.
Earnings per share declined to RMB0.79 from RMB0.94 in the prior year.
For half-year, core profit attributable to shareholders amounted to RMB8.78 billion.
Profit before tax decreased to RMB13 billion from RMB16.18 billion a year ago.
The revenue of the firm declined to RMB83.22 billion from RMB86.94 billion a year ago.
On Tuesday, in the OTC market, the stock had closed at $1.83.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.