SHKP Quarterly

Group announces 2018/19 interim results 集團公布 2018/19 年度中期業績 The Group reported underlying profit attributable to the Company’s shareholders for the six months ended 31 December 2018, excluding the effect of fair-value changes on investment properties, of HK$13,733 million. Underlying earnings per share were HK$4.74. The directors have declared an interim dividend payment of HK$1.25 per share, an increase of 4% from the corresponding period last year. Revenue from property sales for the period under review as recorded in the financial statements, including revenue from joint-venture projects, was HK$14,677 million. Profit generated from property sales was HK$6,694 million, as compared to HK$13,895 million for the corresponding period last year. The decrease was mainly due to the adoption of new accounting standard HKFRS 15 for revenue recognition. Effective from 1 July 2018, the Group recognizes revenue from property sales in Hong Kong upon the assignment of property ownership to the buyers, which leads to later recognition of revenue from property sales in Hong Kong. Higher property sales revenue will be recognized in the second half of the financial year. Gross rental income, including contributions from joint-venture projects, rose 7% year-on- year to HK$12,286 million and net rental income increased by 7% year-on-year to HK$9,508 million during the period. The satisfactory performance was attributable to higher rents for new leases and renewals both in Hong Kong and on the mainland as well as contributions from new rental properties. Prosperous outlook Up to mid-February 2019, total contracted sales have met the financial year’s full-year target of HK$47,000 million in attributable terms. The Group has a strong pipeline of property for sale and is confident about the property sales performance in the financial year. The Group will continue to seek opportunities for land bank replenishment in Hong Kong and mainland first-tier cities, including active land use conversions of its agricultural land into buildable land, to fulfill its long-term development needs. Recurrent income from the portfolio for property investment will be further elevated with the addition of new projects. In Hong Kong, V Walk, Harbour North and ALVA HOTEL BY ROYAL are scheduled to open in 2019. On the mainland, the portfolio for property investment is expected to expand gradually to over 25 million square feet by the end of 2023. 集團公布截至 2018 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 137.33 億港元；每股基礎盈利為 4 . 74 港元。董事局宣布派發中期股 息每股 1 . 25 港元，較去年同期增加 4% 。 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 146 . 77 億 港 元 。 來 自 物 業 銷 售 的 溢 利 為 66.94 億港元，去年同期為 138.95 億港 元，減少主要是由於採納新的會計準則 《香港財務報告準則第 1 5 號》確認入 賬。自 2018 年 7 月 1 日起，集團以物業擁 有權轉讓完成予買方時確認香港物業銷 售收入，令香港物業銷售確認入賬的時 間比以往較遲。預期在本下半財政年度 將有更多物業銷售收益確認入賬。 回顧期內，連同合作項目租金收入計 算，總租金收入按年上升 7% 至 122.86 億港元，淨租金收入按年上升 7 % 至 95 . 08 億港元。租金收入有滿意的表現 是由於香港及內地的新租及續租租金上 升，以及新收租物業帶來收益。 未來將可繼續蓬勃發展 截至 2019 年 2 月中，按所佔權益計算， 合約銷售總額已超越本財政年度全年目 標 470 億港元。集團有充裕的可銷售貨 源，對本財政年度的物業銷售表現充滿 信心。集團亦將繼續在香港和內地一線 城市購入土地，包括積極利用農地轉換 增加可發展的樓面，以配合長期發展需 要。 隨著新項目落成，物業投資組合的經 常性收入將進一步提升。香港方面， V Wa l k 、北角匯及帝逸酒店會在 2019 年開業。內地方面，預期物業投資組合 將於 2023 年底前，逐步擴大至逾 2,500 萬平方呎。 Group Chairman & Managing Director Raymond Kwok (fourth right) announcing 2018/19 interim results with top management 集團主席兼董事總經理郭炳聯（右四）連同管理團隊公布 2018/19 中期業績 Geoffrey Kwok was appointed as a Non- Executive Director with ef fect from 21 December 2018. He participates in managing the hotels and serviced apartments of the Group in Hong Kong and on the mainland, and will continue to make contributions to the Group’s long term development. 董事局委任郭基俊為公司的非執行 董事，自 2018 年 12 月 21 日起生效。 郭先生現參與管理集團在香港及內 地的酒店及服務式住宅，將繼續為 集團長遠業務發展作出貢獻。 New Non-Executive Directo r 新增非執行董事 Corporate News Vol 91 • Q1 2019 • SHKP Quarterly 18