Annual Report 1999

 

Financial Highlights

Summary of Group Results
(for the year ended December 31, 1999 in HK$ Million)

 
1999
  
1998 RESTATED
Turnover
10,520.5
  
10,839.7
Operating profit before borrowing costs and provision for properties
4,951.6
  
4,519.6
Borrowing costs
(1,939.2)
  
(1,295.1)
Operating profit before provision for properties
3,012.4
  
3,224.5
Provision for properties under redevelopment and for sales
(1,508.0)
  
(676.0)
Operating profit
1,504.4
  
2,548.5
Deemed profit on partial disposal od a subsidiary
3,593.5
  
-
Provision for litigation
(1,000.0)
-
Profit from ordinary activities
4,097.9
  
2,548.5
Share of profits less losses od associates
64.6
  
722.5
Group profit attributable to shareholders
3,216.5
1,871.0
Earnings per share (Note 1)
HK$1.39
  
HK$0.82
Earnings per share before provision for properties and litigation and deemed profit on partial disposal of a subsidary
HK$0.92
  
HK$1.11
Total dividends per share
HK$0.78
  
HK$0.78

Notes:
(1) The calculation of earnings per share is based on the earnings for the year of HK$3,216.5 million (1998 - HK$1,871.1 million) and the weighted average of 2,320.7 million shares (1998 - 2,295.1 million shares) in issue during the year.



TURNOVER (HK$ Million)
       
Property
4,307.4
(40.9%)
Terminal
2,887.4
(27.5%)
i-CABLE
1,318.5
(12.5%)
Hotels
571.1
(5.4%)
Others
1,436.1
(13.7%)
  Turnover
HK$ 10,520.5 Million

OPERATING PROFIT/(LOSS) BEFORE BORROWING COSTS AND
PROVISION FOR PROPERTIES (HK$ Million)
     
Property
2,693.9
Terminal
1,644.1
i-CABLE
(331.8)
Hotels
82.0
Others
863.4
  Profits
HK$ 4,951.6 Million
*
 Borrowing cost amounted to HK$ 1,939.2 million for the year.

PROPERTY INVESTMENT PORTFOLIO (Sq Ft)
     
Office
6,765,000
Retail
4,227,000
Hotel
1,255,000
Residential
1,050,000
Industrial
1,515,000
Club house
139,000
  Total gross
floor area
14,951,000 (sq ft)