Property investor and hotel operator Great Eagle Holdings reported a net profit of $1.13 billion for the period to December 31, against a net profit of $1.19 billion in 1997.
Last year's net profit is based on a 15-month reporting season, while the previous net profit was based on a 12-month reporting season that ended on September 30, 1997.
The company had reported a net profit of $956.29 million for the year to last September.
Property analysts said that Great Eagle's results were well within their expectations.
Last night, the company was recommending a final dividend of 30 cents per share for the 15 months to December 31, against a dividend of 43 cents per share for the 12 months in 1997.
Combined with the interim dividend paid out last July 21 of 15 cents per share, the total dividend for the 15 months will be 45 cents per share against the total 1997 dividend of 64 cents.
Basic earnings per share amounted to $2.11 for the 15 months as compared to $2.59 per share for the 12-month 1997 period.
