New World Development Co (HKSE:00017) Other Income (Expense) : HK$506 Mil (TTM As of Dec. 2023)

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What is New World Development Co Other Income (Expense)?

New World Development Co's other income expense for the New World Development Co's pretax income for the six months ended in Dec. 2023 was HK$1,456 Mil. Its other income expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$506 Mil.

New World Development Co Other Income (Expense) Historical Data

The historical data trend for New World Development Co's Other Income (Expense) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New World Development Co Other Income (Expense) Chart

New World Development Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Other Income (Expense)

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15,449.00

3,080.90

1,129.70

816.60

805.40

New World Development Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Other Income (Expense)	Get a 7-Day Free Trial															2,437.30	-1,620.70	1,755.00	-949.60	1,455.90

New World Development Co Other Income (Expense) Calculation

Other income expense includes minority interest. Minority interest is a significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company.

Other Income (Expense) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$506 Mil.

New World Development Co (HKSE:00017) Other Income (Expense) Explanation

Minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.

New World Development Co (HKSE:00017) Business Description

Industry

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Traded in Other Exchanges

NDVLY:USA NWWDF:USA NWDA:Germany

Address

16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG

Website

https://www.nwd.com.hk

New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.

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