The Cross-Harbour Limited Recommends Final Dividend for the Year Ended December 31, 2013; Reports Consolidated Earnings Results for the Year Ended December 31, 2013
The company reported consolidated earnings results for the year ended December 31, 2013. For the year, the company reported turnover of HKD 290,480,000 compared to HKD 283,941,000 a year ago. Profit from operations was HKD 41,205,000 compared to HKD 62,500,000 a year ago. Profit before taxation was HKD 489,575,000 compared to HKD 468,492,000 a year ago. Profit attributable to equity shareholders of the company was HKD 440,178,000 or HKD 1.18 per basic and diluted share compared to HKD 403,825,000 or HKD 1.08 per diluted share a year ago. The improvement in profit attributable to shareholders was primarily attributable to an increase in contributions from both tunnel operations and motoring school operations, mitigating the negative performance of the treasury segment resulting from impairment loss on fair value changes in securities investment. The improvement in turnover was attributable to an increase in turnover of the motoring school.