10
CHAIRMAN'S STATEMENT
I AM PLEASED TO PRESENT TO THE SHAREHOLDERS MY REPORT
ON THE OPERATIONS OF THE GROUP FOR THE YEAR ENDED 31 DECEMBER 2014
BUSINESS RESULTS
The Group's consolidated profit after taxation for the year ended 31 December 2014 amounted to approximately HK$1,031 million, an increase of 251% as compared with the profit after taxation of HK$293 million last year. The earnings per share this year were HK$2.89 compared with the earnings per share of HK$0.82 in the previous year.
DIVIDENDS
The Board of Directors has recommended the payment of a final dividend for the year ended 31 December 2014 of HK26 cents per share (2013: HK26 cents per share). The Board of Directors further recommended the payment of a second special dividend for the year ended 31 December 2014 of HK30 cents per share (2013: Nil). Subject to shareholders' approval at the annual general meeting to be held on Tuesday, 26 May 2015, the final dividend and the second special dividend will be paid on or about Monday, 15 June 2015 to shareholders whose names
appear on the register of members of the Company on Friday, 5 June 2015. The final dividend and the second special dividend, together with the interim dividend of HK10 cents and the first special dividend of HK90 cents per share already paid, will make a total distribution of HK$1.56 for the full year.
BUSINESS REVIEW
During the year under review, profit for the Group was mainly derived from the sale of the residential units of Green Code.
Property Development and Investment Operations
In 2014, the Group's profit derived from the sale of 699 residential
units of Green Code and the rental and other income from the commercial arcade amounted to HK$1,092 million.
The commercial arcades of Shining Heights and The Spectacle were fully let whereas the occupancy rate of the commercial arcade of Metro Harbour View was about 98% at the year end.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014