China Vanke yesterday posted a 32.14 per cent increase in net profit to 5.33 billion yuan (HK$6.06 billion) for the year ended December 31 on stronger property sales and effective cost controls.
The mainland's largest publicly listed developer said total property sales rose 32.5 per cent to 63.42 billion yuan.
That bolstered the group's turnover 19.2 per cent to 46.05 billion yuan.
Directors declared a final dividend of 0.70 yuan for every 10 existing shares held for the year in 2009, compared with 0.50 yuan paid in 2008. Basic earnings per share was 0.48 yuan, compared with 0.37 yuan in 2008.
Next year's profits have been partly secured, according to the company.
At the end of last year, the company had 3.75 million square metres of space sold but not yet completed and booked. This represented a contract amount of 38.23 billion yuan. Most of the property sales from these projects would be booked this financial year, the company said.