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China Overseas Land H1 net profit rises 7.4% YOY

China Overseas Land & Investment Ltd. said net profit for the six months ended June 30 totaled HK$24.94 billion, up 7.4% from HK$23.22 billion in the prior-year period.

Basic EPS amounted to HK$2.28, an increase of 7.4% from HK$2.12 in the year-earlier period.

Revenue grew 5.4% year over year to HK$93.38 billion from HK$88.60 billion, while operating profit increased to HK$36.61 billion from HK$35.75 billion a year earlier.

The Hong Kong-listed property company declared an interim dividend of 45 Hong Kong cents per share, up from 40 cents per share a year earlier.