NewWorld Development Company Limited
EXECUTIVE VICE-CHAIRMAN’S REPORT
30
Macau Power. Apart from unlocking
the value of this mature asset and
providing capital for new investments,
the disposal also allowed Sino-French
Holdings (Hong Kong) Limited, a
50:50 joint venture beneficially owned
by NWSH and Suez Environment,
t o f ocus i t s r esou r ces on t he
development of water and related
businesses.
In view of the continuous dilution
of NWSH’s shareholding in Haitong
International Securities Group Limited
following the past rights issues and
fund raising activities and its past
share price performance, NWSH
decided to divest this investment
in order to unlock shareholder
value in June 2015. Thereafter, this
investment was reclassified from
an associated company to available-
for-sale financial asset and a fair
value gain on re-measurement which
Container Terminal Group Co., Ltd.,
the performance of infrastructure
businesses in FY2015 registered a
growth, despite the divestment of
Macau Power in July 2014.
T h e p e r f o rma n c e o f s e r v i c e s
businesses recorded a decrease
from FY2014. The drop reflected its
cyclical nature while the performance
of the Free Duty and Transport
businesses declined due to rising
rental and the effects of “Occupy
Central Movement” and the new
MTR West Island Line respectively.
The above impacts were partly offset
by the construction business, which
reported healthy growth alongside
the booming property market.
In FY2015, NWSH shared a gain of
approximately HK$1.5 billion from
the disposal of its indirect interest in
INFRASTRUCTURE AND
SERVICE
NWS Holdings Limited (“NWSH”) is
the infrastructure and service flagship
of the Group. In FY2015, amid an
unsteady external environment
and volatile global financial market,
NWSH managed to sustain its growth
momentum, albeit at a moderate
pace. During the year under review,
NWSH achieved a profit attributable
to shareholders of HK$4,477.6
million, representing an increase of
3.5% year-on-year.
During the year under review, NWSH
successfully expanded into aircraft
leasing business by investing in
Goshawk Aviation Limited. Together
with the full-year contribution from
Beijing Capital International Airport
Co . , L t d ( “BC I A” ) and X i amen
