New World Dev Company profile
About New World Development Company Ltd.
New World Development Co Ltd is an investment holding company mainly engaged in the property development. The Company operates its business through eight segments. The Property Development segment engages in the construction of the residential units, including MOUNT PAVILIA, The Masterpiece, FLEUR PAVILIA and the Double Cove series, among others. The Construction segment constructs commercial and residential projects, and government and institutional related projects. The Insurance segment sells life insurance and medical insurance products. The Property Investment segment engages in the property investment, its property investment portfolio includes commercial buildings and offices. The Roads segment operates toll roads and expressways. The Hotel Operations segment operates hotel business in China and Southeast Asia. The Aviation segment engages in commercial aircraft leasing business. The Other segment is engaged in facility management and free duty business.
Financial summary
BRIEF: For the six months ended 31 December 2021, New World Development Company Ltd. revenues decreased less than 1% to HK$35.57B. Net income applicable to common stockholders increased 41% to HK$1.43B. Revenues reflect Insurance segment increase of 49% to HK$6.82B, Construction segment increase of 14% to HK$12.34B, Property Investment segment increase of 9% to HK$2.52B, Hong Kong segment increase of 5% to HK$22.25B.
Equity composition
10/2011, Rights Issue, 1 new shares for every 2 shares held @ HKD 5.68 (Factor:1.102982). 03/2014, Rights Issue, 1 new share for every 3 share held @ 6.2 HKD (Factor:1.0622951).
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