Brief: China Overseas Grand Oceans Reports Annual Operating Profit RMB10,210.7 Mln

China Overseas Grand Oceans

23/03/2022 06:02

March 23 (Reuters) - China Overseas Grand Oceans Group Ltd
 0081.HK :
    * OPERATING PROFIT FOR YEAR RMB10,210.7 MILLION, INCREASE OF
6.8%
    * FOR YEAR REVENUE OF RMB53,830.5 MILLION, 25.5% INCREASE
    * RECOMMENDED PAYMENT OF FINAL DIVIDEND OF HK30 CENTS PER
SHARE
    * PROPOSES TO OFFER A SCRIP DIVIDEND ALTERNATIVE TO ELECT TO
RECEIVE FINAL DIVIDEND AS NEW FULLY PAID SHARES
    * BELIEVES FUNDAMENTALS OF REAL ESTATE MARKET HAVE NOT
CHANGED AND
RIGID AND IMPROVING DEMAND FOR HOUSING REMAINS STRONG
    * REGULARLY REVIEWS DEBT STRUCTURE AND COST OF FINANCING TO
MAINTAIN A HEALTHY LEVEL OF FINANCIAL POSITION
    * REGULARLY REVIEWS DEBT STRUCTURE AND GREEN CATEGORY STATUS
UNDER
THREE RED LINES

Further company coverage:  0081.HK 

 ((Reuters.Briefs@thomsonreuters.com;))