trending Market Intelligence /marketintelligence/en/news-insights/trending/codemcaPDwKafD8psOTNng2 content esgSubNav
In This List

New World Development attributable profit falls 22.2% YOY in FY'19

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


New World Development attributable profit falls 22.2% YOY in FY'19

New World Development Co. Ltd.'s profit attributable to shareholders of the company declined 22.2% year over year in the fiscal year ended June 30.

The attributable profit totaled HK$18.16 billion for the 12-month period, compared to nearly HK$23.34 billion in the fiscal year ended June 30, 2018. EPS fell 23.6% year over year to HK$1.78 from HK$2.33, according to a Sept. 25 earnings release.

The Hong Kong-listed real estate developer said revenues climbed 26.5% on an annual basis to HK$76.76 billion from almost HK$60.69 billion. Year over year, gross profit increased 21.7% to HK$25.02 billion from HK$20.56 billion, while operating profit declined to HK$25.20 billion from approximately HK$30.98 billion.

The company's total comprehensive income amounted to about HK$14.49 billion, down year over year from HK$34.49 billion, while comprehensive income attributable to shareholders reached HK$12.39 billion, compared to HK$30.45 billion in the prior-year period.

The real estate company also said its attributable contracted sales in Hong Kong reached HK$10.5 billion, surpassing its HK$10 billion sales target.

New World also declared a final dividend of 37 Hong Kong cents per share, up from the 34 cents per share paid in the year-ago period. Together with an interim dividend of 14 cents per share, the total dividend for the year amounted to 51 cents per share, compared to 48 cents per share in the year-earlier period.