Test Table Press

Financial Highlights

Five-Year Financial Summary

For the year ended 31 December

 2019
HK$
million
(Note 1)
2018
HK$
million
(Note 2)
2017
HK$
million
2016
HK$
million
2015
HK$
million
RESULTS
Turnover3,9883,890 3,5483,5353,430
Property expenses(536)(523)(449)(428)(414)
Gross profit3,4523,3673,0993,1073,016
Other income--261--
Investment income15478695054
Other gains and losses10(16)---
Administrative expenses(269)(227)(247)(219)(234)
Finance costs(313)(222)(158)(178)(204)
Change in fair value of investment properties7923,532853(1,187) 695
Share of results of associates1,733288220237246
Profit before taxation5,5596,8004,0971,8103,573
Taxation(473)(481)(484)(463)(438)
Profit for the year5,086 6,3193,6131,3473,135
Non-controlling interests(241)(286)23(129)(232)
Profit attributable to owners of the Company4,8456,033 3,6361,218 2,903
Underlying profit for the year2,5872,5362,4912,3692,283
Recurring underlying profit for the year2,5872,5362,3492,3692,283
Dividends
Dividends paid1,5071,4441,4111,3941,330
Dividends declared1,2211,2241,1611,1391,122
Dividends per share (HK cents)144144137135132
Earnings per share (HK$), based on:
Profit for the year
- basic4.635.773.481.162.73
- diluted4.635.763.481.162.73
Underlying profit for the year – basic2.472.422.382.262.15
Recurring underlying profit for the year – basic2.472.422.252.262.15

Performance Indicators

 20192018201720162015
Net debt to equity4.1%4.7%5.0%5.4%3.0%
Net interest coverage (times)17.0x18.1x 17.1x23.5x19.5x
Net asset value per share (HK$)74.3971.12 66.8964.5664.48
Net debt per share (HK$)3.063.353.373.501.94
Year end share price (HK$)30.5537.2541.4532.0531.75