EXCEPTIONAL gains from disposal of investment properties boosted Hongkong China's net profit by 215 per cent to $1.4 billion from $445.8 million for the year ending December 31.
The property subsidiary of Lippo said its operating profit after exceptional earnings of $791.25 million was up 249 per cent to $1.53 billion from $438.46 million.
The exceptional gains were mainly derived from the sale of its investment properties, combined with the disposal of shares in its listed subsidiary Asia Securities International.
Turnover rose to $5.06 billion from $1.4 billion.
Deputy chairman and managing director Stephen Riady did not expect to see a repeat of the encouraging results in the first half of this year, due to the recent slump in property prices.
Directors declared a final dividend of eight cents per share and a special dividend of 12 cents per share.
