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Message from Chairman

We aim to create value for our shareholders through long-term sustainable growth. With our commitment to high standards of corporate governance and our professional team, we have created a diverse portfolio of properties which have not only transformed the communities in which they are situated, but have also become landmarks in their own right for their outstanding designs and management. By investing in and financing our projects in a disciplined and focused manner we seek to maintain a strong balance sheet to ensure the continued success of the Company.

2015 Highlights

Name of Property

LocationSector

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Name of Property

LocationSector

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Name of Property

LocationSector

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Name of Property

LocationSector

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Name of Property

LocationSector

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Name of Property

LocationSector

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Financial Highlights

Results

  Note 2014
HK$M
2013
HK$M
Change
in %
For the year  
Revenue 15,387 12,935 +19.0%
Operating profit 10,992 14,498 -24.2%
Profit attributable to the Company's shareholders  
Underlying (a), (b) 7,152 6,348 +12.7%
Reported 9,516 12,525 -24.0%
Cash generated from operations 10,724 8,873 +20.9%
Net cash inflow before financing 2,881 577 +399.3%
HK$ HK$
Earnings per share  
Underlying (c) 1.22 1.09 +11.9%
Reported (c) 1.63 2.14 -23.8%
Dividends per share  
First interim 0.22 0.20 +10.0%
Second interim 0.44 0.40 +10.0%

Financial Position

HK$M HK$M
As at 31st December  
Total equity (including non-controlling interests) 208,547 203,150 +2.7%
Net debt 34,071 32,014 +6.4%
Gearing Ratio (a) 16.3% 15.8% +0.5%pt.
HK$ HK$
Equity attributable to the Company's shareholders per share  
Underlying (a), (b) 36.95 35.88 +3.0%
Reported (a) 35.50 34.59 +2.6%
(a) Refer to glossary on page 171 for definition.
(b) A reconciliation between reported profit and underlying profit and reported equity and underlying equity attributable to the Company's shareholders is provided on pages 16 to 17.
(c) Refer to Note 14 in the financial statements for the weighted average number of shares.

Latest Reports