Chevalier International (00025) said its profit attributable to equity holders for the year ended 31 March 2016 dropped 79.5% year-on-year to HK$315 million.
Basic and diluted earnings per share were HK$1.05.
The revenue was HK$5,538 million, an increase of 10.5% from a year earlier.
Recognised contribution from the sales of residential properties in Changchun, offset by the absence of the one-off gain from the sale of a property through the disposal of a wholly-owned subsidiary and by further impairment against Australia's fresh produce supply business, caused profit for the year ended 31 March 2016 to decrease to HK$360 million, comparing to HK$1,590 million in 2014/15.
The proposed final dividend is HK50 cents (2015: HK50 cents and special dividend of HK50 cents) per share, payable on or about 23 September 2016.
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