Longfor Properties Co. Ltd. said its profit attributable to owners of the company for the full year ended Dec. 31, 2017, totaled nearly 12.60 billion yuan, an increase of 37.6% from the 9.15 billion yuan recorded in the prior-year period.
The Hong Kong-listed developer saw its EPS grow 35.7% in financial year 2017 to 2.13 yuan from 1.57 yuan in the year-ago period.
Revenue during the reporting year increased 31.5% on an annual basis to roughly 72.08 billion yuan from about 54.80 billion yuan, while total comprehensive income climbed 62.2% year on year to 16.17 billion yuan from 9.97 billion yuan. Gross profit came to approximately 24.44 billion yuan compared with nearly 15.94 billion yuan in the year-earlier period.
Longfor's board recommends a final dividend of 47.3 fen per share and a special dividend of 8.5 fen per share to celebrate the company's 25th anniversary. Along with the 20-fen-per-share interim dividend, the 2017 dividend totaled 75.8 fen per share, 62.7% higher compared with the 46.6 fen distributed in the year-ago period.
As of March 22, US$1 was equivalent to 6.33 yuan.