NewWorld Development Company Limited
MANAGEMENT DISCUSSION AND ANALYSIS
36
MANAGEMENT DISCUSSION AND ANALYSIS
NWD recorded consolidated revenues of HK$55,245.0 million, and profit attributable to shareholders
of the Company amounted to HK$19,112.0 million in FY2015, up 96.5% year-on-year. The Group’s
underlying profit amounted to HK$6,770.0 million, representing 4.0% year-on-year growth. Total
segment results (including share of results of joint ventures and associated companies (excluding
changes in fair value in investment properties)) amounted to HK$14,552.5 million, down 13.4%.
For the year ended 30 June 2015, the Group’s EBITDA amounted to HK$30,284.9 million, of which
HK$21,735.6 million (representing 71.8%) was attributable to operations in Hong Kong and HK$8,549.3
million (representing 28.2%) was attributable to operations in Mainland China and other regions (note
6(d) on page 144).
ANALYSIS OF SEGMENT REVENUES
FY2015
FY2014
HK$m
HK$m
Property development
25,681.9
29,329.2
Property investment
2,401.5
2,348.3
Service
15,844.0
13,786.8
Infrastructure
2,470.7
2,345.8
Hotel operations
4,060.8
3,751.4
Department stores
3,913.0
3,975.4
Others
873.1
964.2
Total
55,245.0
56,501.1
The Group’s revenues slightly decreased 2.2% to HK$55,245.0 million in FY2015 from HK$56,501.1
million in FY2014, mainly due to the decrease in property sales in Mainland China. Whereas, it was
mitigated by the significant growth from service segment, up 14.9%. The revenues from other
segments such as property investment, infrastructure and hotel operations maintained a healthy
increment, up 2.3%, 5.3% and 8.2% respectively.
ANALYSIS OF SEGMENT RESULTS
FY2015
FY2014
HK$m
HK$m
Property development
8,132.8
9,586.9
Property investment
1,916.7
2,031.9
Service
1,504.0
1,526.2
Infrastructure
2,711.2
2,518.2
Hotel operations
244.7
361.4
Department stores
307.4
543.2
Others
(264.3)
228.8
Total
14,552.5
16,796.6
