Carnival Group International Holdings Limited reported audited consolidated earnings result for the year ended December 31, 2014. For the period, the company reported revenue of HKD 1,412,857,000 compared to HKD 545,287,000 for the same period last year. Profit before tax was HKD 138,986,000 compared to loss before tax of HKD 2,134,690,000 for the same period last year.

Profit for the year attributable to owners of the company was HKD 43,018,000 or HKD 0.33 per basic and diluted share compared to loss for the year attributable to owners of the company of HKD 1,485,874,000 or HKD 0.32 per basic and diluted share for the same period last year. The whole of year 2014 revenue was derived from the sale of residential units of the completed properties in Qingdao and Chengdu in the PRC. The improvement on the results is mainly due to increase in revenue of approximately HKD 867.6 million; decrease in non-cash item adjustments in respect of properties for sales of approximately HKD 962.2 million; decrease in impairment loss on goodwill of approximately HKD 543.7 million; increase in fair value change on investment properties of approximately HKD 229.5 million; and decrease in finance costs of approximately HKD 109.3 million.

Capital expenditure was HKD 1,200,035,000 compared to HKD 952,388,000 for the same period last year. Adjusted EBITDA was HKD 197,973,000 compared to adjusted LBITDA of HKD 158,781,000 for the same period last year.