Core profit rose 5% will Wheelock sales “five”
(020) announced the interim results as of the end of June, the profit attributable to shareholders during the period of 6.243 billion yuan, up 10.26%; if not included in the investment property revaluation gains and special projects, the core profit growth year on year 5.58% to 5.412 billion yuan, mainly due to the strong rental income; earnings per share of 3.06 yuan, 47.5 cents in the interim dividend, an increase of 5.56%.
Group revenue in the first half of 33.05 billion yuan, up 21.36% year on year; operating profit of 9.697 billion yuan, down 3.6% year on year. Wheelock said the potential rate hike cycle, continued construction and land costs, or increase the future operating environment pressure. Core business Hong Kong development of property, due to the overall market and residential projects to sell the ideal response, has signed sales of 10.1 billion yuan, in line with expectations; period of sales growth momentum all from residential projects, among the top five Hong Kong developers.
In the first half of the year, the company sold 1,050 units in total, with a total sales of 958 residential units with a sales rate of 91%. In addition, the Group now has a land area of 7.8 million square feet, with urban areas dominated by key strategic areas in Hong Kong; land in the urban area accounts for 98% of the total reserves and 75% of the land facing the harbor.
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As for the Kowloon warehouse activist project is underway, is expected in the second half of the sale of Kai Tak, Mount Nicholson third and the sunrise Cannes fifth. In recent years, the land prices continue to break the top, Chairman Wu Zongquan said he would consider selective investment, but will take into account the company’s ability to afford to bid, as to whether the cooperation with the investment in China, he remains open, if agreed to consider cooperation The
At present, Wheelock holds approximately 61.61% of the issued share capital of Wharf (004). When the physical distribution is completed, Wheelock will directly hold cable broadband (1097) about 914 million shares, accounting for about 45.48% of the issued shares of cable. Wu Zongquan revealed that all the relevant cable broadband shares will be distributed to the shareholders of Wheelock, which need to wait for the completion of the Dragon Bank after the spin-off, and then detailed discussion. He also said that in addition to last week announced the Wharf will be introduced in the form of spin-off shopping malls listed on the plan, there are no other spin-off plan, need to wait and see have further direction.