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China SCE 2018 Net Profit increased 19% Contracted Sales reached RMB 51.4 billion

In the context of the Central Government's policy of “Houses are for living, not for speculation”, the Group's revenue and net profit still recorded growth. For the year ended 31 December, 2018, the Group's revenue was approximately RMB 17.78 billion, representing an increase of 10.4% year-on-year, mainly led by the increase in property sales income. Gross profit increased by 12.1% to approximately RMB 6.15 billion; gross profit margin increased by 0.5 percentage point to 34.6%, which was at a relatively high level across the industry. Profit attributable to owners of the parent increased by 19.2% to approximately RMB 3.39 billion. Basic earnings per share was approximately RMB87.8 cents. The Board has declared a final dividend of HK14 cents per share, a dividend of HK21 cents per share for the full year, up 10.5% year-on-year.

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