Shanghai Industrial (00363) said its profit attributable to owners for the six months ended 30 June 2014 rose 16.3% year-on-year to HK$1,949 million, mainly due to a considerable disposal gain from lot E of the Qingpu District in Shanghai recorded in the first half of the year.
Its basic and diluted earnings per share were HK$1.8 and HK$1.664.
The revenue was HK$7,635 million, a decrease of 13.1% from a year earlier, mainly due to a decrease of about HK$1,833.65 million in the SI Development's property sales booked as compared to the same period last year. However, the decrease was partially offset by the increase in the revenue of infrastructure facilities and consumer products businesses.
Gross profit margin for the period was 38.4%, same as that for the same period last year.
The proposed interim dividend is HK45 cents (2013: HK42 cents) per share, payable on or about 3 October.
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