SHK Hong Kong Industries has posted a 22 per cent rise in net profits after exceptional items to $203.4 million for the year to December 31.
Earnings per share jumped 16 per cent to 16.11 cents a share.
The directors have proposed an increased final dividend of 12 cents per share in cash with a scrip option, compared to just 3.25 cents for 1992.
Together with an interim dividend payment of two cents a share paid in November, it brings the total dividend to 14 cents.
Shareholders entitled to the final dividend will be allowed to receive in lieu of payment in cash an allotment of new shares credited as fully paid up at a price of $1.20 a share.
The proposed scrip dividend scheme is subject to the approval of the listing committee of the Hong Kong stock exchange.
