Hang Lung Properties (00101) said its profit attributable to shareholders for the financial year ended 31 December 2014 rose 62.3% year-on-year to HK$11,704 million.
Its basic and diluted earnings per share were HK$2.61.
Turnover and operating profit of the Group surged 86% and 90% to HK$17,030 million and HK$13,008 million. Turnover from property leasing grew 9% to HK$7,216 million, with continual growth of mainland China and Hong Kong portfolios which recorded an 11% and 6% increment, respectively, when compared to a year ago. The Group took advantage of improved sentiments in the Hong Kong residential market by selling a total of 412 residential units and some car parking spaces in 2014. Turnover from property sales soared 2.9 times to HK$9,814 million.
The underlying net profit attributable to shareholders reached HK$10,022 million, up 98% from a year earlier.
The proposed final dividend is HK59 cents (2013: HK58 cents) per share, payable on 19 May.
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