Kaisa Group Announces Annual Results 2013
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Core net profit increased by 65.3% to RMB2,785.7 million
Net gearing ratio reduced by 4.7 percentage points to 62.1%
Proposed final dividend of 15 HK cents per share
Financial Highlights (audited):
|
For the year ended 31 December |
|||
|
(in RMB million) |
2013 |
2012 |
Change |
|
Revenue |
19,523.1 |
11,955.0 |
63.3% |
|
Gross profit |
6,599.8 |
3,885.4 |
69.9% |
|
Gross profit margin |
33.8% |
32.5% |
1.3 p.p |
|
Profit for the year |
2,862.6 |
2,116.2 |
35.3% |
|
Core net profit |
2,785.7 |
1,685.7 |
65.3% |
|
(Excluding early redemption premium of debts, change in fair values on investment properties and financial derivatives, net of deferred tax) |
|||
|
Net gearing ratio6 |
2.1% |
66.8% |
-4.7p.p. |
(20 February 2014 – Hong Kong) Kaisa Group Holdings Ltd. (“Kaisa” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1638), a large-scale property developer established in Shenzhen with a countrywide foothold in China, announces its annual results for the year ended 31 December 2013.
During the year, the Group recorded a turnover of RMB19,523.1 million, representing an increase of 63.3% as compared to that of year 2012. Profit attributable to equity holders amounted to RMB2,857.4 million, representing an increase of 37.9% as compared to that of year 2012. Core net profit for the year, excluding early redemption premium of debts and change in fair values of investment properties and financial derivatives, net of deferred tax increase to RMB2,785.7 million, representing an increase of 65.3% as compared to that of year 2012. Basic earnings pe
