China Overseas Land & Investment Ltd. announces its 2009 interim results 2009-08-17

China Overseas Land & Investment Ltd. ("COLI" , Stock code: 00688) announced its 2009 interim results on August 17, 2009.

For the year ended 30 June 2009, the Group's turnover was HK$15.48 billion, increased by 44.4% compared with same period of 2008, with PRC Property Development business making up the greatest proportion and increased to about 95.8% of the turnover. Operating profit increased by 21.0% to HK$5.38 billion. Profits attributable to shareholders was HK$3.04 billion, increased by 31.8%. Basic earnings per share was 37.3 cents, increased by 25.3%. The sale of properties in the PRC made a record high of HK$25.64 billion, an increase of 70.8% over that of last year. Sold area of over 2,816,000 sq.m. was also a record high, marking an increase of 93.5%. The Board has recommended the payment of an interim dividend of HK7 cents per share.

Mr. Kong Qingping, Chairman of COLI stated, "the Group will persistently enhance its competitive advantages through improvement in its management capability, operation mode, product structure and branding. The edges of the Group lead to ample opportunities and excellent performance and thus maintaining its pioneer position in the China real estate industry."