Yida China (03639) said its profit attributable to equity owners for the year ended 31 December 2016 dropped 31.3% year-on-year to Rmb564 million.
Basic and diluted earnings per share were Rmb0.22.
The revenue was Rmb7,004.5 million, a decrease of 6.3% from a year earlier. The contract sales amount of the Group grew 12.9% year-on-year to Rmb8,305 million.
The gross profit fell 25.5% year-on-year to Rmb1,544 million. The gross profit margin decreased to 22% in 2016 from 27.7% in 2015, which was mainly attributable to the decrease of average sales price of sales property project for which revenue was recognized and the increase in cost of properties sold revalued at fair value due to acquisitions of subsidiaries during the year.
The core profit attributable to equity owners of the Group (excluding effects of fair value gains on investment properties, net of tax) decreased by 37.4% to Rmb413 million.
The proposed final dividend is Rmb3.2 cents (2015: Rmb5.1 cents) per share, payable on or around 12 July 2017.
24/03/2017 14:17
Yida China year net down 31% to Rmb564m; div Rmb3.2 cts
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