Lai Sun Development (00488) said its net profit attributable to owners for the year ended 31 July 2014 dropped 42.3% year-on-year to HK$1,478.7 million.
Its basic and diluted earnings per share were HK7.4 cents and HK7.3 cents.
Excluding the effect of property revaluations, net profit attributable to owners was HK$333.2 million, as compared to the net loss of HK$201.4 million for the previous financial year, primarily due to the successful sale of the majority of the units at Ocean One.
The turnover was HK$2,109.6 million, an increase of 118.9% from a year earlier.
The proposed final dividend is HK0.25 cent (2013: nil) per share, wih an option to receive the final dividend in new shares in lieu of cash, payable on or about 30 January 2015.