MTR ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015
MTR Corporation Limited (0066) yesterday said interim net profit beat estimates to rise 3.5 percent to HK$8.19 billion from a year back thanks to contribution from property sales.
Including property development profit, net profit from underlying businesses surged by 55.5 percent to HK$6.83 billion in the first six months, beating estimates.
An interim dividend of 25 HK cents was declared, up 2.94 percent from a year ago.
Revenue rose 3.8 percent to HK$20.21 billion, among which revenue from Hong Kong transport operations rose 5.4 percent to HK$8.15 billion.
Booking in the sales from the third phase of Lohas Park in Tseung Kwan O, Hemera, helped the company gain HK$2.31 billion from property development, up more than 10 times from last year.
Total revenue increased 3.8% to HK$20,210 million; Revenue excluding Mainland of China and international subsidiaries increased 6.9% to HK$14,029 million-Post-tax underlying profit Recurrent business profit HK$ 4,516 million up 7.9% Property development profit HK$ 2,311 million up HK$2,108 million HK$ 6,827 million up 55.5%- Property development profit comprised mainly prof it from LOHAS Park Package 3 (“Hemera”) with all 1,648 residential units sold- Earnings per share on underlying profit was HK$1.17- Profit after investment property revaluation increased 3.5% to HK$8,189 million-Net assets increased 2.4% to HK$167,355 million; Net debt-to-equity ratio at 9.1%- Interim dividend of HK$0.25 per share declared (with scrip dividend alternative)
Hong Kong Railway Network
Hong Kong New Railway Projects
China & International Railway Businesses