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Sunac China comprehensive income surges 344% YOY in FY'17

Sunac China Holdings Ltd. said its comprehensive income attributable to the owners of the company for the full year ended Dec. 31, 2017, amounted to 11.00 billion yuan, up 344.0% from roughly 2.48 billion yuan in the prior-year period.

The diversified real estate developer's EPS for the year was recorded at 2.70 yuan per share, a gain of 280.3% from the 71 fen per share logged in 2016.

Revenue for the Hong Kong-listed developer also increased 86.4% on an annual basis to 65.87 billion yuan from 35.34 billion yuan, while gross profit rose to approximately 13.63 billion yuan from 4.85 billion yuan during the comparable period. Operating profit for the reporting year was logged at about 21.88 billion yuan from 5.85 billion yuan in the year earlier.

The company's board proposed a final dividend of 50.1 fen per share for the year, up 94.9% compared with the distribution from a year earlier.

As of March 28, US$1 was equivalent to 6.30 yuan.