China South City Holdings Limited
(“the Company”; SEHK: 1668), the leading large-scale integrated logistics
and trade center developer and operator in China by gross floor area, together
with its subsidiaries (the “Group”), announced the consolidated annual results
of the Group for the twelve months ended 31 March 2018 (“the Period”).
During the Period, the Group gradually entered into phase of operation
and started to see the fruits of rewards, further speed up the development of
its five key recurring businesses, namely rental business, property management,
E-commerce, logistics and warehousing services, as well as outlet operations.
During the Period, the Group achieved a notable contracted sales growth of
39.3% to HK$12,025.9 million (FY2016/17: HK$8,635.7 million).
The Group recorded revenue growth of 20.0% year-on-year to reach
HK$9,405.4 million (FY2016/17: HK$7,838.5 million) for the Period. Recurring
revenue grew 26.4% year-on-year to reach HK$2,020.0 million (FY2016/17:
HK$1,598.0 million). Net profit attributable to owners of the parent grew 4.4%
year-on-year to reach HK$4,511.7 million (FY2016/17: HK$4,322.6 million). Core
net profit attributable to owners of the parent (being net profit attributable
to owners of the parent excluding fair value gains on investment properties and
related tax effects, provision for impairment loss of available-for-sale
investments and loss on redemption of senior notes) grew 19.0% year-on-year to
reach HK$1,608.5 million (FY2016/17: HK$1,351.2 million). Basic earnings per
share rose to HK56.35 cents (FY2016/17: HK53.99 cents).
For details, please refer to the announcement from the below link:
http://www.hkexnews.hk/listedco/listconews/SEHK/2018/0628/LTN201806281255.pdf |