Goldin Financial (00530) said its profit attributable to owners for the year ended 30 June 2014 dropped 20.9% year-on-year to HK$734 million.
Its basic and diluted earnings per share were HK10.52 cents and HK10.48 cents.
The revenue was HK$402 million, an increase of 60.3% from a year earlier, which was mainly due to increased revenue generated by factoring and wine trading operations.
The decline in net profit was mainly because a smaller amount of land appreciation was recorded for our investment project in Kowloon Bay compared with last year, which reduced the company's share in its fair value increase this year.
No final dividend will be distributed.
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