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China Overseas Land & Investment Ltd. (“COLI”, Stock code: 688) announced its 2007 annual results on March 20, 2007.

For the year ended 31 December 2007, the Group’s turnover was HK$16.63 billion, increased by 52%. Operating profit increased by 108% to HK$7,102 million. Profits attributable to shareholders was HK$4,180 million, increased by 76%. Basic earnings per share was 56.9 cents, increased by 60%.  Shareholders’ fund up 70% to HK$26.28 billion. Average return on shareholders’ funds exceeded 20%. The Board recommends the payment of a final dividend of HK 7 cents per share, together with the interim dividend of HK5 cents, dividends declared for the year was HK 12 cents per share.

Mr. Kong Qingping, Chairman of China Overseas Land & Investment Ltd. said, “Through diligent effort and continuous innovation, the Group can maintain its pioneering position in the China real estate industry, as we seek our target of over 20% annual increase in net profit. After analysing the trends of the global economy, the market situation and internal state of the business, the Board has decided that the optimum immediate approach for the Group is to strengthen and consolidate its well-established base and competitive edge in order to achieve sustainable high quality and balanced long-term growth.”

Please click here:　2007 Results Announcement video

Please click here:　Results Announcement