Shun Tak Holdings has reported an 11.8 per cent rise in profit to HK$276.3 million for last year due to increased property sales and improved shipping business. Operating profit from its property business increased 43.7 per cent year on year to HK$482.4 million while shipping jumped 40.4 per cent to HK$165 million. But finance costs also surged from HK$41.7 million to HK$122.7 million.