Chinese Estates (00127) said its profit attributable to owners for the six months ended 30 June 2014 dropped 45.2% year-on-year to HK$2,447 million.
Its basic and diluted earnings per share were HK$1.283.
The revenue from continuing operations amounted to HK$1,241 million, a decrease of 71.3% from a year earlier, which was mainly due to the decrease in sales of development properties.
The core profit attributable to owners amounted to HK$1,000.3 million, down 42.4% year-on-year.
The proposed interim dividend is HK30 cents (2013: HK20 cents with special interim dividend of HK$1.3) per share, payable on or about 24 September.
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