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CK Asset's FY'18 attributable profit jumps 33.2% YOY

CK Asset Holdings Ltd. said its full-year 2018 profit attributable to shareholders came to HK$40.12 billion, an increase of 33.2% from HK$30.13 billion in the year-earlier period.

EPS rose 34% on an annual basis to HK$10.85 from HK$8.07, while EPS before investment property revaluation came in at HK$6.53, reflecting a 20% jump from HK$5.44 in 2017.

The S&P Global Market Intelligence consensus normalized EPS estimate for 2018 was HK$7.17.

Revenue climbed year over year to HK$64.48 billion from HK$63.78 billion.

Following approval at the 2019 annual general meeting, the developer plans to pay a final dividend of HK$1.43 per share on May 31 to shareholders on record May 22. Counting the interim dividend of HK$0.47 per share, total per-share dividend for the 2018 full year amounts to HK$1.90, up from the HK$1.70 dividend paid in 2017.

Separately, CK Asset's parent, CK Hutchison Holdings Ltd. reported an 11% year-over-year growth in profit attributable to ordinary shareholders to HK$39.00 billion in 2018 from HK$35.1 billion. EPS weighed in at HK$10.11, compared to HK$9.10 in the year-ago term.

The S&P Global Market Intelligence consensus normalized EPS estimate for 2018 was HK$9.94.

The industrial conglomerate recommended a final dividend of HK$2.30 per share, which will be paid May 31 to shareholders on record May 22. This brings the full year dividend to HK$3.17 per share, including the interim dividend of HK$0.87 per share, marking an increase from the 2017 annual per-share dividend of HK$2.85.