SHKP Quarterly

Group announces 2017/18 interim results 集團公布 2017/18 中期業績 The Group reported underlying profit attributable to the Company’s shareholders for the six months ended 31 December 2017, excluding the effect of fair-value changes on investment properties, of HK$19,973 million. Underlying earnings per share were HK$6.90. The directors declared an interim dividend payment of HK$1.20 per share, an increase of 9% from the corresponding period last year. Revenue from property sales for the period under review as recorded in financial statements, including revenue from joint-venture projects, was HK$34,583 million. Profit generated from property sales was HK$13,895 million. Since July 2017, the Group’s total contracted sales reached about HK$35,000 million in attributable terms. Contracted sales in Hong Kong were impressive, mainly contributed by Wings at Sea and Wings at Sea II , Cullinan West II and PARK YOHO Genova. Gross rental income, including contributions from joint-venture projects, rose 7% year-on-year to HK$11,506 million and net rental income increased by 7% year-on-year to HK$8,891 million during the period. The healthy growth was driven by continuing positive rental reversions, both in Hong Kong and on the mainland, and contributions from new investment properties. Prosperous outlook The Group’s development business for sale will continue to perform well with satisfactory development margins. Although the existing land bank is sufficient to meet its development needs of five to six years, the Group will continue to seek opportunities for land bank replenishment in Hong Kong to fulfil its long-term development needs. The Group is confident of its performance in property sales during the current financial year. About 40% of residential floor area scheduled for completion in the coming financial year has already been pre-sold. The Group’s medium-term target for its Hong Kong's annual property sales value is HK$40,000 million. The Group’s rental income is expected to show steady and satisfactory growth, driven by the expansion of its investment property portfolio, high occupancies and positive rental reversions. V Walk in West Kowloon, Hong Kong and the mall at One ITC in Shanghai are planned to open in 2019. In the next five to six years, rental properties covering about 2.9 million square feet of attributable gross floor area are scheduled for completion in Hong Kong. On the mainland, the Group’s rental properties comprising about 11.9 million square feet of attributable gross floor area are expected to be completed during the same period. 集團公布截至 2017 年 12 月 31 日止六個 月，在撇除投資物業公平值變動的影響 後，可撥歸公司股東基礎溢利為 199.73 億港元；每股基礎盈利為 6.90 港元。董 事局宣布派發中期股息每股 1.20 港元， 較去年同期增加 9% 。 連同合作項目的收益，回顧期內財務報 表錄得的物業銷售收益為 345 . 83 億港 元；來自物業銷售的溢利達 138.95 億港 元。自 2017 年 7 月起計，按所佔權益計 算，集團的合約銷售總額已達約 350 億 港元。香港合約銷售表現理想，主要來 自晉海及晉海 II 、匯璽 II 和 PARK YOHO Genova 。 回顧期內，連同合作項目租金計算，總 租金收入按年上升 7% 至 115.06 億港元， 淨租金收入按年上升 7% 至港幣 88.91 億 港元。租金收入穩健增長是由於香港及 內地投資物業的續租租金持續上升，以 及新投資物業帶來收益。 Group Chairman & Managing Director Raymond Kwok (fourth right) announcing 2017/18 interim results with top management 集團主席兼董事總經理郭炳聯（右四）聯同管理團隊公布 2017/18 中期業績 未來將可繼續蓬勃發展 集團的物業發展業務將持續表現理想， 並有滿意的發展回報。雖然現有的香港 土地儲備足以滿足在未來五至六年的發 展需要，但集團會繼續物色機會，補充 土地儲備，以配合集團長期的發展需 要。集團對本財政年度的物業銷售表現 充滿信心，並已預售約 40% 預計於下一 個財政年度落成的住宅樓面。在香港物 業銷售的中期目標為年金額 400 億港元。 受惠於投資物業組合擴大、出租率高及 續租租金上升，預計集團的租金收入可 錄得穩定和滿意的增長。預計香港西九 龍的 V Walk 及上海國貿匯的商場於 2019 年開幕。在未來五至六年，按所佔總樓 面面積計算，集團在香港約有 290 萬平方 呎出租物業落成，在內地則約有 1,190 萬 平方呎出租物業落成。 New independent non-executive director 新增獨立非執行董事 Henry Fan Hung-ling was appointed as an independent non-executive director with effect from 1 March 2018. His extensive experience in the commercial sector will be a valuable asset for the Group’s long term development. 董事局委任范鴻齡為公司的獨立非執 行董事，自 2018 年 3 月 1 日起生效。范 先生在商界擁有豐富經驗，對集團長 遠業務發展將有莫大裨益。 34 News in Brief Vol 87 • Q1 2018 • SHKP Quarterly