FY 2009 Financial Highlights
| Items | Amount | Change(%) （vs FY2008） |
| Turnover | HK$12,938 M | -1% |
| Operating Profit | HK$59.13 M | +42% |
| Profit Attributable to Shareholders | ||
| - underlying profit | HK$2,146 M | -4% |
| - reported profit | HK$4,391 M | +44% |
| Earnings per Share | ||
| - based on underlying profit | HK$1.50 | -4% |
| - based on reported profit | HK$3.08 | +44% |
| Divident per Share | ||
| - final | HK$0.40 | 0% |
| - total | HK$0.70 | 0% |
| Net Asset Value (per share) | HK$35.29 | +8% |
Business Highlights
- Kerry Properties achieved total contract sales of HKD 7.1bn for FY 2009, an increase of over 80% YoY
- Our project sales during 2009 were met with significant success
- In Hong Kong, we launched Primrose Hill in Tsuen Wan and continued selling units in Belgravia, Soho 38 and Homantin
- In Mainland China, our projects at Shanghai Kerry Everbright City Phase 2, Shanghai Central Residences Phase 2 Tower 2, Beijing Gemini Grove, Hangzhou Parkview Residence Phase 1 and Yangzhou Lakeview received excellent market response
- Our balance sheet position is solid, with HKD 6.7bn in cash and bank balances and HKD 14.4bn in undrawn bank loan and overdraft facilities
- Gearing improved from 25.9% as of December 31, 2008 to 18.2% as of December 31, 2009
- We made strategic land acquisitions in 2009
- In Hong Kong, we purchased land on Hing Hon Road in Sai Ying Pun, which further cements our dominance in Western District and reaffirms our position as the biggest supplier of new residential properties on Hong Kong Island in the next few years
- In Mainland China, we acquired land in Tangshan in Hebei Province, which we plan to develop into a residential and hotel project
- Final dividend per share remains unchanged at HKD 0.40, leading to a payout ratio of 46.7%, an increase of 1.8 percentage points YoY
- Net asset value increased 8% YoY to HKD 35.29 per share