Chinney Kin Wing Holdings Limited Recommends Final Dividend for the Year Ended December 31, 2016; Announces Consolidated Earnings Results for the Year Ended December 31, 2016
The company announced consolidated earnings results for the year ended December 31, 2016. For the period, the company reported revenue of HKD 1,386,125,000 compared to HKD 1,518,926,000 a year ago. Profit before tax was HKD 121,921,000 compared to HKD 171,772,000 a year ago. Profit and total comprehensive income attributable to equity holders of the company was HKD 102,028,000 compared to HKD 140,499,000 a year ago. Basic and diluted earnings per share attributable to ordinary equity holders of the company were 6.80 cents compared to 12.00 cents a year ago. Capital expenditure was HKD 46,871,000 compared to HKD 163,992,000 a year ago. The decrease of revenue in 2016 was due to the substantial completion of certain sizable projects awarded in the previous year and the projects awarded in the year under review were comparatively smaller scale in terms of contract sum.