On 24 August, CR Land Limited published its interim results as at 30 June 2015.

In the first half of 2015, the company posted consolidated turnover of HK$37,140 million, up 29.7% y-o-y; an increase of 31.8% y-o-y to HK$5,020 million in core profit attributable to shareholders after deducting investment property revaluation; and consolidated gross margin of 32.2%. During the period, earnings per share (EPS) were HK$0.979, up 25.5% y-o-y. Interim dividend was HK$0.087 per share, up 2.4% compared to 2014 interim results.

In the first half of 2015, the company realized a contract amount of RMB37 billion and contract area of 3.25 million sqm, up 44.7% and 41.4%, respectively, compared to the previous year. In the first half of 2015, the company’s investment properties, including hotels, posted turnover of HK$3.11 billion, up 17.4% y-o-y. As at 30 June, total gross area of the company’s investment properties under management reached 4.04 million sqm, among which, there are nine MIXc complexes that are already in business, and five Hi5 / Dreamport developments.

As at 30 June 2015, the company had secured settled turnover of HK$88.98 billion from property development in 2015 (including the settled portion for the first half of 2015), up 10.6% compared to the settled turnover of HK$80.48 billion from property development in 2014.

The company continued to maintain its prudent financial policy. As at 30 June 2015, total interest-bearing debt ratio was 42.3%, lower than the 43.7% as at the end of 2014; net interest-bearing debt ratio was 39.4%, higher than the 39.0% as at the end of 2014. However, both remained at a relatively low level compared to industry average.