China Overseas Grand Oceans net jumps to 3.3b yuan

Business | 20 Mar 2020 4:42 pm

Mainland developer China Overseas Grand Oceans (0081) said net profit last year surged by 63 percent from a year ago to 3.33 billion yuan (HK$3.66 billion).

It declared a final dividend of 0.195 fen, totaling a full-year dividend of 0.255 fen. The basic earnings per share were 0.973 fen.

Revenue grew by 32.8 percent year-on-year to 28.59 billion in 2019. Gross profit margin was up by 4.2 percentage points at 33.3 percent.

The company bagged 31 land parcels in 2019, with a total gross floor area of 6.19 million square meters for a consideration of 27.86 million yuan. The total land reserve was 24 million sqm as of the end of last year.



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