LONDON--Hongkong Land Holdings Ltd. (H78.SG), a property
developer in Hong Kong, Thursday reported a fall in full year 2013
pretax profit, and said that its key commercial markets of Hong
Kong and Singapore are expected to remain broadly stable in
2014.
MAIN FACTS:
-Pretax profit for the year ended Dec. 31, 2013, amounted to
1.36 billion U.S. dollars, compared with $1.57 billion in the year
ago period.
-Adjusted pretax profit $938.8 million versus $780.0
million.
-Net profit $1.19 billion versus $1.44 billion.
-Net asset value per share 11.41 cents versus 11.11 cents.
-Revenue $1.86 billion versus$1.11 billion.
-Earnings per share 50.56 cents versus 61.32 cents.
-Adjusted earnings per share 39.73 cents versus 33.11 cents.
-Net debt $3.03 billion versus $3.27 billion.
-Cash and cash equivalents $1.40 billion versus $981.0
million.
-Directors are recommending a final dividend of 12 cents per
share, making a total of 18 cents, versus 17 cents.
-Residential businesses, a higher contribution is anticipated
from the China operations, but this will be more than offset by a
significant reduction in profits from Singapore residential
operations.
-Write to Tapan Panchal at tapan.panchal@wsj.com
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