Page 36 - Hang Lung Group 2012 Annual Report

For the 12-month period ended December 31, 2012, overall rental
turnover increased by 10% to HK$6,711 million, riding on 3% growth
in Hong Kong and 17% growth on the Mainland. Excluding the effect
of the disposed non-core investment properties, the overall rental
turnover for Hang Lung Group would have grown as much as 13%.
Rental operating profit grew by 10% to reach HK$5,313 million, up 4%
in Hong Kong and 17% on the Mainland.
Hong Kong
Steady growth in our leasing portfolio in Hong Kong supported a 3%
increase in rental turnover to HK$3,185 million, which contributed to
operating profit of HK$2,645 million, up 4% for the year. Excluding the
effect of the disposed investment properties, rental turnover of Hong
Kong investment properties would have been up 9%.
In 2012, the Group’s Hong Kong property leasing portfolio contributed
47% of total rental turnover.
截至二零一二年十二月三十一日止十二個
月期內，租金收入總額增長百分之十至港
幣六十七億一千一百萬元，其中香港增長
百分之三，內地增長百分之十七。倘不計
入已出售的非核心投資物業的影響，恒
隆集團的總體租金收入增長百分之十三。
經營溢利增加百分之十至港幣五十三億一
千三百萬元，其中香港增加百分之四，內
地增加百分之十七。
香港
回顧年內，本集團旗下香港物業組合的
整體租金穩定增長，帶動租金收入上升百
分之三至港幣三十一億八千五百萬元，經
營溢利上升百分之四至港幣二十六億四千
五百萬元。倘不計入已出售的投資物業的
影響，香港投資物業的租金收入增加百分
之九。
於二零一二年，香港租賃物業組合佔本集
團租金收入總額百分之四十七。
香港物業組合的整體租金穩定增長
Our property portfolio in Hong Kong enjoys steady rental growth
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