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Continental Holdings Corporation (TWSE: 3703) Reported May 2024 Consolidated Revenue of NT$2,858M

Continental Holdings Corporation (CHC) today (June 11th) reported May 2024 consolidated revenue of NT$2,858M. Consolidated revenue for January through May 2024 totaled NT$11,784M.

CHC’s consolidated revenue for January through May 2024 saw a decrease of 1.3% compared to the same period in 2023, mainly due to a decreased revenue from handover of new residential projects from Real Estate Development Business (Continental Development Corporation), partially offset by a 64% revenue growth from Environmental Project Development and Water Treatment Business (HDEC Corporation).

Real Estate Development Business officially launched a new pre-sell project Heng Mu, located in Banqiao District, New Taipei City, in May. Heng Mu is designed by the international design group Koichi Takada Architects (KTA) from Australia and located near the MRT Xinpu Minsheng Station and Xinpu Station, facing Siwei Park and Sinpu Elementary School. The project occupies a lot size of 2,232 m2, with 22 floors above and 5 stories below ground, and 127 units with apartment area size of 102m2 to 185m2. The estimated total sales value is NT$5.24B, and the project is expected to be completed by 2028.

The cash dividends for FY2023 will be paid on July 31st, in the amount of NT$1.5 per share, and the ex-dividend trading date will be July 4th.