Summary by Moomoo AI
At the announcement of its 2013 annual results, Hang Kai Properties reported a profit of HK$97 billion, a slight increase of 0.8% compared to the same period last year. Basic earnings per share were HK$2.00. THE COMPANY PROPOSES A FINAL DIVIDEND OF HK$1 TRILLION PER SHARE AND A TOTAL DIVIDEND OF HK$1.8 PER SHARE FOR THE WHOLE YEAR. Hong Kong's economy has recovered after the pandemic, but the economy grew by only 3.2% over the year. The Group's revenue from property development in Hong Kong this year was lower than last year, mainly due to lower margins on the projects entered in. The Group launched several residential projects and achieved satisfactory sales results. In addition, the Group's total contract sales in Hong Kong for the year ended 31 December 2013 were approximately HK$142 billion.