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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 2018.
Dr. Lam Ko Yin, Colin Chairman
BUSINESS RESULTS
The Group's consolidated profit after taxation for the year ended 31 December 2018 amounted to approximately HK$345 million, an increase of 11% as compared with the profit after taxation of HK$311 million (restated) last year. The earnings per share this year were HK$0.97 compared with the earnings per share of HK$0.87 (restated) in the previous year.
DIVIDENDS
The Board of Directors has recommended the payment of a final dividend for the year ended 31 December 2018 of HK28 cents per share (2017: HK28 cents per share). Subject to shareholders' approval at the annual general meeting to be held on Wednesday, 29 May 2019, the final dividend will be paid on or about Tuesday, 18 June 2019 to
shareholders whose names appear on the register of members of the Company on Tuesday, 11 June 2019. The final dividend, together with the interim dividend of HK10 cents per share has already paid, will make a total distribution of HK38 cents 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 Harbour Park.
Property Development and Investment Operations
During 2018, the profit of the Group arising from the sale of the residential units of Harbour Park, Green Code, The Spectacle and Metro6 and car parking spaces of Shining Heights amounted to HK$238 million. All residential units of Harbour Park had been sold at the year end of 2018.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018