Investor Relations

Financial Year (For the year ended December 31)	2024 HK$M	2023 HK$M	2022 HK$M	2021 HK$M	2020 HK$M

Revenue
Property leasing	10,033	10,725	10,540	10,806	9,373
Property sales	1,538	2	316	-	62
Hotels	189	154	85	113	91
Total	11,760	10,881	10,941	10,919	9,526
Attributable to shareholders
Net profit / (loss)	1,613	2,811	2,718	2,589	(1,541)
Underlying net profit _{(Note 1)}	2,327	2,931	3,002	2,991	2,834
Shareholders' equity	95,776	94,360	92,819	95,842	92,105

Earnings / (loss) per share (HK$)	1.18	2.06	2.00	1.90	(1.13)
Underlying earnings per share (HK$) _{(Note 1)}	1.71	2.15	2.20	2.20	2.08
Dividends per share (HK cents)
Interim	21￠	21￠	21￠	21￠	19￠
Final	65￠	65￠	65￠	65￠	63￠
Total	86￠	86￠	86￠	86￠	82￠

Net debt to equity ratio _{(Note 2)}	30.8%	28.6%	25.9%	22.3%	20.1%
Number of shares issued (in million)	1,362	1,362	1,362	1,362	1,362

Notes:

Underlying net profit and underlying earnings per share are presented by excluding changes in fair value of properties, net of related income tax and non-controlling interests
Net debt represents total borrowings net of cash and deposits with banks. Equity comprises shareholders’ equity and non-controlling interests

Financial Highlights