Improved property sales have helped Realty Development Corp announce a 32.84 per cent increase in net profit to $1.78 billion from $1.34 billion for the year to March.
Operating profit rose 27.9 per cent to $1.37 billion from $1.07 billion, on a 21.77 per cent surge in turnover to $3.79 billion from $3.11 billion.
Associated profit was $601.2 million from $152.6 million on turnover of $3.79 billion, a 21.77 per cent increase.
There were no exceptional gains, against $284.6 million from the disposal of certain long-term listed investments in the previous financial year.
Earnings per A share were $7.73, against $5.80 in the previous year, while earnings per B share rose to $1.55 from $1.16.
Directors declared a final dividend of $1.50 per A share and 30 cents per B share, raising the total payouts to $1.815 and 36.3 cents from $1.655 and 33.1 cents.
