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China Overseas Land's FY'17 profit climbs 10.1% YOY to HK$40.77B

China Overseas Land & Investment Ltd. said its profit attributable to owners of the company for the full year ended Dec. 31, 2017, totaled about HK$40.77 billion, an increase of 10.1% from the HK$37.02 billion that was logged in the year-earlier period.

The basic and diluted EPS of China Overseas Land for full-year 2017 came in at HK$3.72, higher than fiscal year 2016's HK$3.64.

During the reporting year, the Hong Kong-listed developer's revenue increased year over year to HK$166.04 billion from roughly HK$164.07 billion, while its operating profit amounted to HK$62.87 billion, an 8.6% climb from the HK$57.91 billion logged in the prior-year period.

For the whole reporting year, the company also increased its total dividend to 80 Hong Kong cents per share, comprising the 45-cents-per-share final dividend and the 35-cents-per-share interim dividend, from the 77-cents-per-share dividend distributed a year earlier.