Sun Hung Kai Properties' Full-Year Profit Rises

MT Newswires Live
Sep 04

Sun Hung Kai Properties (HKG:0016) saw a rise in attributable profit in the year ended June 30 to HK$19.3 billion from HK$19 billion in the year-ago period, a Thursday filing with the Hong Kong bourse said.

Earnings per share for the property firm rose to HK$6.65 from HK$6.57 in the previous corresponding year.

Revenue for the fiscal year jumped to HK$79.7 billion from HK$71.5 billion a year prior.

The firm proposed a final dividend of HK$2.80 per share for the year, payable on Nov. 20. Together with an interim dividend of HK$0.95 per share, the total dividend for the year will be HK$3.75 per share.

The higher profit was driven mainly by higher underlying profits from the sales of trading and investment properties, as well as lower finance costs.

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