RYODEN Development has lifted attributable profit to $117.8 million for the six months to June 30, up from $115.7 million last year.
Earnings per share on a fully diluted basis went up from 11.9 cents to 12 cents.
An interim dividend of four cents per share for the six months was declared, the same as last year.
Company chairman Hu Fa-kuang said Ryoden achieved a significant capital gain from disposal of its effective five per cent interest in Central Plaza, a grade A office tower in Wan Chai.
The disposal was part of a swap deal with Sun Hung Kai Properties in March, for 190,790 square feet of inferior office space in New Kowloon Plaza in Tai Kok Tsui.
Mr Hu said the additional rental income generated from the newly acquired New Kowloon Plaza would boost the company's rental earnings base.
