China Overseas Land & Investment Ltd. announces its 2008 interim results 2008-08-19

China Overseas Land & Investment Ltd. ( COLI , Stock code: 00688) announced its 2008 interim results on August 19, 2007.

For the year ended 30 June 2008, the Group s turnover was HK$10.72 billion, increased by 125.2% compared to same period of last year, with PRC Property Development business making up the greatest proportion and increased to about 87.5% of the turnover. Operating profit increased by 121.7% to HK$4.45 billion. Profits attributable to shareholders was HK$2.31 billion, increased by 68.8%. Basic earnings per share was 29.8 cents, increased by 55.2%. The Board has recommended the payment of an interim dividend of HK6 cents per share.

Mr. Kong Qingping, Chairman of COLI stated that the prospect of the Group s property development business in China is bright and promising while that of Hong Kong and Macau is good. The Board is very confident of the future of the Group. The Group will persistently enhance its competitive advantages through improvement in its management capability, operation mode, product structure and branding thus maintaining its pioneer position in the China real estate industry.

The Group will strive to achieve the corporate mission of Sustainability, Value-adding, Harmony and Win-win . The Group will move steadily and firmly ahead with its strategy of achieving sustainable development, growing into an evergreen enterprise and attaining a win-win outcome for the Company, its shareholders, business associates, staff members and the community.