EMPEROR INT'L(HK:00163)2019-07-02 10:20Dividends and Shareholder Information - The company reported a final dividend of HK$0.063 per share, with the payment date set for September 6, 2019[6]. - The Group paid an interim dividend of HK$0.047 per share, totaling approximately HK$172.8 million, consistent with the previous year[125]. - A final dividend of HK$0.063 per share is proposed, amounting to approximately HK$231.7 million, an increase from HK$224.3 million in the previous year[126]. - The Directors recommended the final dividend subject to approval at the upcoming annual general meeting on August 8, 2019[126]. Financial Performance - Total revenue increased by 38.2% to HK$4,352.4 million for the year ended March 31, 2019, compared to HK$3,148.9 million in 2018[19]. - Gross profit rose by 10.2% to HK$2,536.5 million, up from HK$2,302.5 million in 2018[20]. - Profit attributable to the owners of the Company decreased to HK$3,136.3 million, compared to HK$3,371.5 million in 2018[20]. - Underlying profit, excluding fair value changes, increased by 142.1% to HK$1,495.8 million[20]. - Basic earnings per share were HK$0.85 (2018: HK$0.92), with total dividends for the year amounting to HK$0.11 per share (2018: HK$0.108)[25]. - As of March 31, 2019, the Group's net asset value was HK$31,835,100,000 (2018: HK$29,455,400,000), with a net asset value per share of HK$8.66 (2018: HK$8.01)[30]. - The Group's cash, bank balances, and deposits totaled HK$3,944,500,000 as of March 31, 2019 (2018: HK$3,850,400,000), while total external borrowings were approximately HK$25,644,900,000 (2018: HK$26,779,000,000)[27]. - The Group's net gearing ratio improved to 33.8% (2018: 35.7%) as of March 31, 2019[27]. Revenue Breakdown - Rental income from investment properties declined by 4.0% to HK$1,107.8 million, representing 25.4% of total revenue[19]. - Revenue from property sales surged by 329.1% to HK$1,695.8 million, accounting for 39.0% of total revenue[19]. - Revenue from hotel and hotel-related operations slightly decreased to HK$1,548.8 million, making up 35.6% of total revenue[19]. - Rental income from the investment property portfolio decreased by 4.0% to HK$1,107,800,000 (2018: HK$1,154,600,000), accounting for 25.4% of total revenue (2018: 36.7%) due to tenant restructuring[21]. - Property sales revenue reached HK$1,695,800,000 (2018: HK$395,200,000), representing 39.0% of total revenue (2018: 12.5%) as all residential units and seven houses at Peak Castle were delivered[21]. Corporate Governance - The audit committee is chaired by Wong Tak Ming, Gary, ensuring corporate governance compliance[4]. - The company emphasizes its commitment to corporate governance through its dedicated governance committee[4]. - The company has established various committees, including a remuneration committee and a nomination committee, to enhance governance[4]. - The investor relations contact is Anna Luk, providing a direct line for shareholder inquiries[4]. Property Development and Projects - The Group owns properties with a total area of over 5 million square feet in Greater China and overseas[13]. - The Group has been recognized as one of the "Top 10 Developers in Hong Kong 2019" for its sustainability efforts[13]. - The redevelopment of Nos. 75–85 Lockhart Road is set to create a prime office building with a gross floor area of approximately 96,000 square feet, scheduled for completion in 2020[53]. - A 14-storey industrial building at No. 4 Kin Fat Lane in Tuen Mun will be revitalized into a commercial building with over 178,000 square feet, targeted for completion in 2020[54]. - The Group acquired two adjacent buildings at No. 13 and No. 15 San On Street in Tuen Mun, planning to redevelop a high-tech industrial building with a gross floor area of approximately 190,000 square feet[59]. - The site at Nos. 25–27 Oxford Street will be redeveloped into a composite retail/office building with a gross floor area of approximately 20,000 square feet, expected to be completed in 2020[60]. - Emperor Star City in Shanghai will have a gross floor area of approximately 1,300,000 square feet, featuring a multi-storey shopping arcade[61]. - The site at Nos. 8–10A Mosque Street will be developed into a 28-storey residential tower with a gross floor area of approximately 34,000 square feet, with pre-sale expected in the second half of 2019 and completion targeted for 2020[69]. - The Tuen Mun Town Lot No. 490 will consist of 8 luxury detached houses with a gross floor area of approximately 29,000 square feet, scheduled for completion in 2020, with sales activities commencing thereafter[70]. Hospitality and Services - The Group's hospitality services include several hotels and serviced apartments in Hong Kong and Macau, consolidating income from hospitality and gaming operations[78]. - The Emperor Hotel, with a gross floor area of approximately 115,000 square feet, is a key project under the Emperor Hotels Group, enhancing brand recognition in the hospitality segment[79]. - The Group completed the disposal of Inn Hotel Hong Kong, a 30-storey hotel with a gross floor area of approximately 48,000 square feet, recognizing a gain on disposal of approximately HK$712.0 million in the financial year of 2019/2020[85]. - Grand Emperor Hotel, located on the Macau Peninsula, has a gross floor area of approximately 655,000 square feet and features 311 guest rooms, contributing to the Group's hospitality portfolio[86]. Market Outlook - The outlook for the residential market is cautiously optimistic due to improved sentiment from the stock market and strong end-user demand, with the Group continuing to replenish land parcels for future growth[91]. - The luxury homes market is expected to show solid growth potential, with several projects in the pipeline, including Mosque Street, Tai Lam, and Shouson Hill[95]. - The residential market outlook is cautiously optimistic due to a favorable employment situation and strong user demand[98]. Employee Information - Total staff costs amounted to HK$725.6 million for the year, an increase from HK$709.6 million in 2018[94]. - The number of employees as of March 31, 2019, was 1,715, down from 1,748 in 2018[94]. Shareholding and Directors' Interests - As of March 31, 2019, Ms. Semon Luk holds 2,747,610,489 shares, representing 74.71% of the issued shares[172]. - Mr. Alex Yeung also holds 2,747,610,489 shares, equivalent to 74.71% of the issued shares, as an eligible beneficiary of the AY Trust[172]. - Ms. Vanessa Fan owns 10,500,000 shares, which is 0.29% of the issued shares[172]. - The Company has not granted any share options under the Share Option Scheme since its adoption on August 15, 2013[175]. - The remuneration policy for Directors is based on a written policy ensuring alignment with business strategy and shareholder interests[168]. Environmental, Social, and Governance - The Group's environmental policy and performance, along with key stakeholder relationships, are discussed in the Environmental, Social and Governance Report 2018/2019[128]. - The Group's environmental, social, and governance performance is discussed in the 2018/2019 Environmental, Social, and Governance Report[132].