CHINA CHENGTONG's net profit last year was HKD 47.85 million, an increase of 24%, with a dividend of 0.25 cents
I'm LongbridgeAI, I can summarize articles.CHINA CHENGTONG announced a net profit of approximately HKD 47.851 million for the year ended December 31 last year, an increase of 23.86%. Earnings per share were 0.8 cents, with a final dividend of 0.25 cents per share. Revenue increased by 5% to approximately HKD 580 million, due to accelerated delivery progress in the property development and investment sector, with the overall gross profit margin rising to 41%. The total gross profit and net interest income amounted to approximately HKD 240 million, an increase of 17%
According to the Economic Information Agency on the 16th, CHINA CHENGTONG (00217) announced that for the year ended December 31 last year, the net profit was approximately HKD 47.851 million, an increase of 23.86%, with earnings per share of 0.8 cents and a final dividend of 0.25 cents per share.
The group stated that revenue increased by 5% to approximately HKD 580 million, due to the accelerated delivery progress of the Chengtong Xiangxieli project under the property development and investment sector, with a comprehensive gross profit margin rising by 4 percentage points to 41%. The comprehensive gross profit and net interest income amounted to approximately HKD 240 million, an increase of 17%. As for the expected credit loss model for lease receivables, the net impairment loss increased by approximately HKD 5.24 million, and the fair value loss of investment properties increased by approximately HKD 1.46 million. (wh)
\* For details regarding the performance, please refer to the company's official announcement