Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 36,387,000, a decrease of 4.4% compared to HKD 38,079,000 in 2018[6] - Total profit for the period was HKD 268,713,000, a significant recovery from a loss of HKD 126,403,000 in the same period last year[6] - Basic and diluted earnings per share for the period were HKD 13.5, compared to a loss per share of HKD 6.3 in 2018[6] - The company reported a net loss of HKD (73,145) thousand for the period, compared to a profit of HKD 268,713 thousand in the previous period[15] - The total comprehensive income for the period was HKD 143,653 thousand, a decrease from HKD 269,297 thousand in the previous period[15] - The group recorded a consolidated profit attributable to shareholders of approximately HKD 269 million, compared to a consolidated loss of HKD 126 million for the six months ended September 30, 2018[96] - Revenue from continuing operations was HKD 36 million, a slight decrease from HKD 38 million in 2018, with property investment and development contributing 94% of total revenue[96] Cash Flow and Financial Position - The company reported a net cash position of HKD 182,636,000 as of September 30, 2019, down from HKD 506,525,000 at the end of March 2019[10] - The net cash flow used in operating activities for the six months ended September 30, 2019, was HKD (43,571) thousand, compared to HKD (3,045) thousand in the same period of 2018[18] - The cash and cash equivalents at the end of the period were HKD 182,636 thousand, down from HKD 467,274 thousand at the end of the previous period[18] - The company incurred a foreign exchange loss of HKD (15,573) thousand related to overseas operations[15] - The company reported a decrease in cash flow from financing activities, totaling HKD (277,258) thousand compared to HKD (12,845) thousand in the previous period[18] - As of September 30, 2019, total assets amounted to HKD 11,422,602,000, a decrease from HKD 11,786,366,000 as of March 31, 2019[53] - Total liabilities as of September 30, 2019, were HKD 568,414,000, down from HKD 842,148,000 as of March 31, 2019[53] Investments and Assets - Non-current assets totaled HKD 10,854,188,000, a slight decrease from HKD 10,944,218,000 as of March 31, 2019[12] - The company recognized a fair value loss of HKD 4,376,000 on financial instruments measured at fair value through profit or loss[6] - The company’s share of profits from associates was HKD 264,411,000, a recovery from a loss of HKD 112,244,000 in the previous year[6] - The company’s equity in joint ventures as of September 30, 2019, was approximately HKD 10,228,326,000, slightly down from HKD 10,257,605,000 as of March 31, 2019[60] - The company has a call option to sell its remaining 20% stake in a joint venture with Macau Chinese Bank, exercisable within five years from November 3, 2017[80] Segment Performance - The property investment segment reported a profit of HKD 22,156 million, while the property development segment incurred a loss of HKD 3,589 million, indicating a significant performance disparity among segments[50] - The financial investment segment generated a profit of HKD 996 million, contributing positively to the overall earnings[50] - The group’s share of profits from joint ventures for the six months ended September 30, 2019, was HKD 265,571,000, a significant increase from a loss of HKD 112,843,000 in 2018[60] - The company reported a decrease in property sales revenue to HKD 0 for the six months ended September 30, 2019, compared to HKD 5,841,000 in 2018[55] - The total income from property rental for the six months ended September 30, 2019, was HKD 31,726,000, up from HKD 3,381,000 in 2018[55] Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting matters[147] - The board is committed to high-quality corporate governance practices to enhance investor confidence[146] - The company has complied with the corporate governance code as per the listing rules during the reporting period[146] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[142] Future Outlook and Strategy - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming periods[5] - The group aims to implement business strategies to integrate its asset portfolio and enhance stability amid global economic and political uncertainties[112] - The company is exploring potential acquisitions to strengthen its market position, with a focus on tech startups[156] - A new marketing strategy is expected to increase brand awareness by 15% in the upcoming quarters[156] Shareholder Information - The company’s issued and fully paid ordinary shares remained at 1,998,280,097 shares as of September 30, 2019[71] - The company declared an interim dividend of HKD 0.01 per share, consistent with the previous year[68] - The company’s distributable reserves increased to HKD 7,791,163,000 as of September 30, 2019, up from HKD 7,245,686,000 as of March 31, 2019[73] - The company has no significant contingent liabilities as of September 30, 2019[76]

Financial Performance - The company recorded a consolidated profit attributable to shareholders of approximately HKD 11 million for the year, a significant decrease from HKD 327 million in 2018, which included a non-recurring gain of HKD 114 million from the sale of a joint venture interest[7]. - The decrease in profit was primarily due to a reduction in fair value gains from investment properties and an unrealized exchange loss of approximately HKD 101 million from a joint venture, compared to a profit of HKD 177 million in 2018[12]. - The revenue from continuing operations decreased to HKD 71 million in the current year, down from HKD 101 million in 2018, primarily due to a reduction in property sales[13]. - Other operating expenses from continuing operations increased to HKD 54 million, up from HKD 20 million in 2018, mainly due to a foreign exchange loss of HKD 12 million compared to a gain of HKD 14 million in 2018[14]. - The group recorded a loss of HKD 112 million from its investment in LAAPL, a significant decline from a profit of HKD 159 million in 2018, primarily due to unrealized exchange losses and reduced fair value gains on investment properties[24]. - Revenue from joint ventures and associates decreased to HKD 6 million, down from HKD 40 million in 2018, while profit from these investments fell to HKD 2 million from HKD 24 million[25]. - The financial and securities investment segment reported a net profit of HKD 5 million, an increase from HKD 1 million in the previous year, with total revenue rising to HKD 5 million from HKD 2 million[26]. - The group's share of profits from Macau Chinese Bank decreased to HKD 8 million from HKD 19 million in 2018, attributed to a reduction in equity following the sale of a 31% stake[27]. - Total assets as of March 31, 2019, were HKD 11.8 billion, down from HKD 12.3 billion in 2018, with property-related assets accounting for 94% of total assets[29]. - The group's total liabilities decreased to HKD 800 million from HKD 1 billion in 2018, while cash and bank balances fell to HKD 507 million from HKD 545 million[29]. - The capital debt ratio increased to 6.7% from 4.3% in the previous year, with bank loans amounting to HKD 737 million, up from HKD 482 million[30]. Dividends and Shareholder Returns - The company plans to distribute a final cash dividend of HKD 0.01 per share, bringing the total dividend for the year to HKD 0.02 per share[7]. - The total dividend for the year will be HKD 0.02 per share, amounting to approximately HKD 40,000,000, consistent with the previous year[38]. - The interim dividend of HKD 0.01 per share was paid in January 2019, with the same amount proposed for the final dividend[38]. Acquisitions and Investments - The company completed the sale of Lippo Securities Holdings Limited for a consideration of HKD 348.7 million during the year[4]. - The company has signed a conditional agreement to acquire multiple plots of land in South Jakarta, Indonesia, for the development of a 57-story mixed-use building[5]. - The company completed the acquisition of Bowsprit Capital Corporation Limited, which manages assets totaling approximately SGD 8 billion (about HKD 46 billion)[5]. - The company has completed the acquisition of interests in two companies in Myanmar, which operate three hospitals, one medical center, and two clinics[6]. - The group completed the sale of minority interests in Aquamarina Hotel Private Limited and Marina Centre Holdings Private Limited for a total consideration of SGD 390 million (approximately HKD 2.26 billion)[20]. Corporate Governance - The company has received annual confirmation letters regarding the independence of its independent non-executive directors, affirming their status as independent individuals[47]. - The company’s board of directors includes both executive and independent non-executive members, with specific terms of appointment outlined[45][46]. - The company has established a compensation insurance policy for its directors and senior management to cover potential liabilities arising from business operations[47]. - The company has independent non-executive directors with extensive experience in finance and accounting, contributing to governance and oversight[52]. - The company has established various committees, including audit, remuneration, and nomination committees, to enhance corporate governance[53]. - The company’s governance structure includes a clear delineation of roles and responsibilities among its board members[53]. - The company’s governance report indicates that all directors are required to retire at least once every three years, promoting board refreshment[105]. - The nomination policy adopted in January 2019 outlines the criteria and procedures for the nomination, appointment, and re-election of directors[112]. - The board members can seek independent advice from legal and other professionals as needed, with costs covered by the group[101]. - The company emphasizes the importance of board diversity in achieving strategic goals and sustainable development[114]. Risk Management - The group has identified various risks and uncertainties that may impact its financial condition and operational performance[87]. - The company has established a risk management framework that includes regular reporting on risk management progress and significant risks, ensuring effective oversight by the board[154]. - The company has implemented a business continuity plan to address risks from natural disasters, including extreme weather events, to maintain operations and protect critical data[151]. - The company has set up a compliance function to monitor adherence to legal and regulatory requirements, reducing the risk of legal penalties and reputational damage[152]. - The group identified major risks across various business sectors through a structured risk review process[146]. - Risks are categorized into four main types: strategic, operational, financial, and compliance-related risks[147][148]. - The group has revised its risk management manual to improve clarity and reflect changes from the past year[145]. - The company has integrated ESG risks into its risk management framework, which is based on ISO 31000:2009 and COSO ERM frameworks[134]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to enhancing its environmental, social, and governance (ESG) management strategies to better address sustainability risks and opportunities[160]. - The company has conducted workshops across three locations to train employees on identifying and assessing risk areas, promoting a culture of risk awareness[160]. - The total greenhouse gas emissions for the year were 144.8 tons of CO2 equivalent, a reduction of 58.5% compared to the previous year[186]. - The company has implemented measures to reduce waste, including the use of electronic communications and double-sided printing[192]. - The company has not encountered any significant environmental regulations or violations during the fiscal year[195]. - The company remains committed to community investment projects and leveraging its expertise for social development[197]. - The company has established effective systems and controls to prevent child labor and forced labor in its operations[184]. - The company has implemented policies to manage energy, water, and waste efficiently and responsibly[187]. - The company continues to seek methods to manage energy consumption and water usage to minimize its environmental impact[195]. Employee and Stakeholder Engagement - The company aims to create a motivating, fair, harmonious, and safe work environment as part of its human resources policy[180]. - The company provides competitive compensation and benefits beyond statutory requirements, including paid marriage leave, sick leave, and medical insurance[182]. - The company emphasizes open communication channels for employees to raise concerns confidentially[183]. - The company aims to strengthen stakeholder engagement through various communication methods[168].