TC

28/07/2016 12:33

Hang Lung Group (10) 1H net up 1% to HK$1.79bn; div HK19 cts

    Hang Lung Group (00010) said its net profit attributable to equity shareholders for the six months ended 30 June 2016 rose 0.62% year-on-year to HK$1,790 million.
  Basic and diluted earnings per share were HK$1.32.
  The revenue was HK$6,610 million, an increase of 35.1% from a year earlier. Revenue of property sales soared 223% to HK$2,404 million as more residential units were sold during the first six months of 2016. Property leasing revenue had a moderate growth to HK$4,206 million, or up 5% if excluding the 6% period-on-period Renminbi depreciation against the Hong Kong Dollar. Correspondingly, total operating profit advanced 22% to HK$4,531 million.
  Underlying net profit attributable to equity shareholders amounted to HK$1,864 million, up 24% year-on-year.
  The proposed interim dividend is HK19 cents (2015: HK19 cents) per share, payable on 29 September 2016.

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