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<Results> CHINA OVERSEAS PROPERTY (02669.HK) Full-Year Net Profit RMB1.367 Billion, Down 9.7%; Final Dividend HKD0.10
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CHINA OVERSEAS PROPERTY (02669.HK) announced its full-year results for the year ended last December. The revenue was RMB14.96 billion, up 6% YoY. The net profit was RMB1.367 billion, down 9.7% YoY; EPS was RMB0.4162. The company proposed a final dividend of HKD0.10, compared to HKD0.095 in the same period last year.

As of the end of last year, the group added a managed construction area of 90.9 million square meters, 85.1% of which came from independent third parties. The total value of new contracts signed was approximately RMB5.237 billion. Among the new orders, non-residential project areas accounted for a larger proportion at 68.4%, with the remaining 31.6% being residential projects. The newly signed contract amounts were approximately RMB3.13 billion and RMB2.107 billion, respectively. (ss/u)

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