Investor Relations

Financial Year (For the year ended December 31)	2023 HK$M	2022 HK$M	2021 HK$M	2020 HK$M	2019 HK$M

Revenue
Property Leasing	10,316	10,031	10,321	8,911	8,556
Property Sales	-	316	-	62	296
Total	10,316	10,347	10,321	8,973	8,852
Attributable to shareholders
Net Profit / (Loss)	3,970	3,836	3,868	(2,571)	6,172
Underlying Net Profit _{(Note 1)}	4,137	4,199	4,365	4,201	4,474
Shareholders' Equity	132,408	133,381	141,719	138,295	138,669

Earnings / (Loss) per share (HK$)	0.88	0.85	0.86	(0.57)	1.37
Underlying Earnings per share (HK$)_{(Note 1)}	0.92	0.93	0.97	0.93	0.99
Dividends per share (HK cents)
Interim	18￠	18￠	18￠	17￠	17￠
Final	60￠	60￠	60￠	59￠	59￠
Total	78￠	78￠	78￠	76￠	76￠

Net debt to equity ratio _{(Note 2)}	31.9%	28.1%	24.4%	21.3%	17.8%
Number of shares issued (in million)	4,499	4,499	4,499	4,498	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