Investor Relations

Financial Year (For the year ended December 31)	2024 HK$M	2023 HK$M	2022 HK$M	2021 HK$M	2020 HK$M

Revenue
Property leasing	9,515	10,162	9,946	10,208	8,820
Property sales	1,538	-	316	-	62
Hotels	189	154	85	113	91
Total	11,242	10,316	10,347	10,321	8,973
Attributable to shareholders
Net profit / (loss)	2,153	3,970	3,836	3,868	(2,571)
Underlying net profit _{(Note 1)}	3,095	4,137	4,199	4,365	4,201
Shareholders' equity	131,587	132,408	133,381	141,719	138,295

Earnings / (loss) per share (HK$)	0.46	0.88	0.85	0.86	(0.57)
Underlying earnings per share (HK$)_{(Note 1)}	0.67	0.92	0.93	0.97	0.93
Dividends per share (HK cents)
Interim	12￠	18￠	18￠	18￠	17￠
Final	40￠	60￠	60￠	60￠	59￠
Total	52￠	78￠	78￠	78￠	76￠

Net debt to equity ratio _{(Note 2)}	33.4%	31.9%	28.1%	24.4%	21.3%
Number of shares issued (in million)	4,784	4,499	4,499	4,499	4,498

Notes:

Underlying net profit and underlying earnings per share are presented by excluding changes in fair value of properties, net of related income tax and non-controlling interests
Net debt represents total borrowings net of cash and deposits with banks. Equity comprises shareholders’ equity and non-controlling interests

Financial Highlights