[ET Net News Agency, 21 January 2020] Hang Lung Group Limited (00010) said for the
financial year ended 31 December 2019, the total revenue of the group declined 6% to
HK$9,435 million owing to a 76% drop of property sales income to HK$296 million. With the
robust growth and continuing expansion of the mainland China portfolio and the resilient
performance of the Hong Kong portfolio, the revenue of the core property leasing business
grew 4% year-on-year, in spite of a 4.3% RMB depreciation against Hong Kong Dollar. Total
operating profit decreased 5% to HK$6,898 million in the reporting period.
Net profit attributable to shareholders increased 29% to HK$6,816 million after taking
into account the revaluation gain on investment properties. Earnings per share increased
correspondingly to HK$5.01. The board of directors has resolved to declare a final
dividend of HK63 cents and a special dividend of HK26 cents for 2019. (RC)