LVGEM (China) Real Estate Investment (00095) said its profit attributable to owners for the year ended 31 December 2017 rose 29.1% year-on-year to Rmb1,035 million.
Basic and diluted earnings per share were Rmb22.06 cents and Rmb12.89 cents.
Revenue amounted to Rmb2,968 million, a decrease of 35.3% from a year earlier.
Gross profit fell 15.6% year-on-year to Rmb1,938 million. Gross profit margin increased to 65.3% from 50% in 2016, which was mainly attributable to the revenue from property development and sales having a higher margin during the year.
The proposed final dividend is HK5 cents (2016: HK5 cents) per share, payable on or around 20 July.
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