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HANG LUNG PPT 2017 Underlying Net Profit Down 13% to $5.53B; Final Div 58 Cents


HANG LUNG PPT (00101.HK)  -0.400 (-1.882%)    Short selling $5.83M; Ratio 28.094%   announced that for the financial year ended 31 December 2017, the company's underlying net profit attributable to shareholders fell 13% to HK$5.53 billion. Net profit attributable to shareholders increased 31% to HK$8.124 billion, after including a revaluation gain on investment properties. Earnings per share increased similarly to HK$1.81. A final dividend of HK58 cents per share for 2017 was declared, staying flat yearly.

During the period, total revenue decreased 14% yearly to HK$11.199 billion. Revenue of property leasing increased 1% to HK$7.779 billion. Total operating profit decreased 11% to HK$7.91 billion. 

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