FY2016 Interim Results - page 4

4
HIGHLIGHTS
- Robust execution in property sales
- New projects to be launched: around 2,900 units available
- Reasonable gross margin: 23% in HK property development segment
- Proactive management with various channels in place to maintain proven track record
- Unlock farmland hidden value
- Defensive portfolio: stable contribution from offices in Central and regional retail malls
- Unique and pioneered concepts to capture opportunities of changing consumption behavior: K11 and CTF HOKO in Qianhai
- New World Centre redevelopment: a GFA of 3 mil sq ft complex, expected completion in 2017
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Financial
position: 25.6% net gearing of NWD head office; HK$64.7 bn consolidated cash on hand & bank balances
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Ample war chest: HK$20.3 bn undrawn line + MTN program of NWD in place (un-utilised US$1.6 bn)
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Interim dividend HK$0.13 per share, up 8% year-on-year
- Enhancement in efficiency through on-going streamlining on the Group’s structures and crystalising assets value
- Better use of resources: synergies of VIP members within the Group
FINANCIALS
PROPERTY DEVELOPMENT
LANDBANK
PROPERTY INVESTMENT
OTHER STRATEGIES
1,2,3 5,6,7,8,9,10,11,12,13,14,...17
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