China Overseas Land and Investment Ltd Announces 2014 Annual Results
[ Date：2015-03-31 Visits： ]
China Overseas Land and Investment Ltd (“COLI” or the “Group”, stock code: 00688.HK) announced its 2014 annual results today.
For the year ended 31 December 2014, the Group’s turnover increased 45.5% to HK$120.00 billion, with the mainland property development business contributing 93.7% of the total turnover. (If the turnover of the joint ventures attributable to the Group is taken into account, the total amount increased to HK$128.13 billion) Operating profit increased to HK$42.41 billion, with the mainland property development business contributing 81.0% of the operating profit. Gross profit margin for mainland property development projects remained at a satisfactory and industry-leading level. Profit attributable to equity shareholders of the Company increased by 20.1% to HK$27.68 billion, of which HK$3.85 billion was related to the net gain after tax arising from changes in the fair value of investment properties. Core profits increased by about 25.6% to HK$23.83 billion. Basic earnings per share increased by 20.1% to HK$3.39. The Board proposed a final dividend of HK35 cents per share. Together with the interim dividend of HK20 cents per share, total dividends for the year were HK55 cents per share.
In 2014, the contracted sale of properties was HK$140.81 billion, while the corresponding sold area was 9.40 million sq m. (from COHL)【print】 【closed】