Logan Property (3380.HK): Historical High Margins & First Ever Interim Dividend August 21, 2017 506

Investment Summary

  • Historical high gross profit margin and core profit margin were achieved due to the recognition of the highly profitable Shenzhen projects
  • Sales target was revised upwards from CNY34.5Bn to CNY37.0Bn, with a sales target of CNY80Bn in FY2020
  • Declared the first ever interim dividend, along with a special dividend, totaling HK$0.22 per share

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