Kingboard Chemical (00148) said its net profit attributable to owners for the year ended 31 December 2016 surged 205% year-on-year to HK$5,027 million.
Basic and diluted earnings per share were HK$4.889 and HK$4.875.
The revenue was HK$35,830 million, an increase of 9.3% from a year earlier.
The underlying net profit (excluding non-recurring items) was HK$3,283.5 million, a significant increase of 89%. During the year, the Group's subsidiary, Kingboard Laminates, disposed of a subsidiary holding land for commercial use in Shenzhen, Guangdong Province. As a result, the Group's reported net profit surged.
The proposed final and special dividend are HK70 cents (2015: HK30 cents) and HK30 cents (2015: Nil) per share, payable on 20 June 2017.
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