Hysan Development (0014) swung back to a net profit of HK$35 million last year from a net loss of HK$872 million, thanks to higher rental income.

The biggest landlord in Causeway Bay kept its dividend for the latter half of the year at 81 HK cents per share, the same as over the second half of 2023.

Underlying profit, excluding property revaluation gains, increased by 6.8 percent year on year to about HK$1.95 billion.

Retail turnover grew 9.5 percent, supported by expansion of luxury brands' flagship stores and positive rental reversion.