New World Development (00017) climbed more than 10% at one point in morning trading, before paring gains to trade 1.07% higher at HK$6.115 as of publication, with turnover of HK$33.7494 million.

On the evening of September 30, New World Development released its full-year results for fiscal 2026, showing improvements across multiple metrics including sales, profitability and financial management.

During the period, the group's full-year attributable contracted sales reached HK$29.6 billion, exceeding its full-year target of HK$27 billion. Among this, attributable contracted sales in Hong Kong totaled approximately HK$22 billion, marking a new high since fiscal 2021. Mainland China full-year contracted sales amounted to approximately RMB 6.8 billion.

On profitability, net profit after tax from recurring operations came in at approximately HK$2.2 billion, achieving a return to profit for the first time in three years. Core operating profit rose approximately 28% year-on-year to HK$7.7 billion, reflecting continuous improvement in the group's core business profitability and operational efficiency.

On asset monetization, New World advanced its first Hong Kong capital C-REIT, listing Shanghai K11 Art Mall and K11 ATELIER New World Tower in the form of a C-REIT.