Kerry Properties (0683) first-half net profit in 2021 soared 251 percent to HK$3.77 billion compared to a year earlier.
The underlying profit, which excluded fair value change of investment properties, jumped 113 percent to HK$2.36 billion.
An interim dividend of 40 HK cents per share will be paid.
A special dividend of HK$2.3 per share was declared conditionally upon completion of the partial offer and the disposal of Kerry Logistics Network’s (0636) shares.
Property rental revenue for the group was up 14 percent to HK$2.66 billion. Investment properties in Hong Kong achieved revenues of HK$656 million, similar to last year, and that in the mainland grew 20 percent to HK$1.99 billion, contributing 75 percent of the total rental revenue.
The developer recorded contracted sales of HK$8.19 billion for Hong Kong and the mainland, which is 61 percent of its 2021 sales target. Hong Kong recorded HK$2.02 billion and 36 percent of its yearly target.
The company said its La Marina project in Wong Chuk Hang, which has 600 residential flats, will be one of the key drivers for second-half contracted sales.
It said it will continue to drive sales for Mont Rouge in Beacon Hill, and target selling all unsold flats at Mantin Heights in Ho Man Tin and The Bloomsway in So Kwun Wat this year.
The developer recorded contracted sales of HK$8.19 billion for Hong Kong and the mainland.
