Sun Hung Kai net jumps to HK$41.7b, property sales profit HK$11.9bBusiness | 14 Sep 2017 10:07 pm
Developer Sun Hung Kai Properties (0016) said today annual net profit increased by 27.9 percent to HK$41.78 billion, from a year earlier.
Earnings per share were HK$14.43, up from HK$11.31 from the year before.
Revenue fell to HK$78.2 billion,from HK$91.2 billion last year.
Profit from property sales was HK$11.91 billion, as compared to HK$11.70 billion in the last financial year. The group achieved record contracted sales of about HK$52.40 billion for the year.
The company declared a final dividend of HK$3 per share, for the year ended June 30. Together with the interim dividend of HK$1.10 per share, the dividend for the year ended will be HK$4.10 per share, up 6.5 percent from the year before.
Underlying net profit, excluding the effect of fair-value changes on investment properties, was HK$25.96 billion, compared with HK$24.17 billion last year.