Tsim Sha Tsui Properties Ltd. reported unaudited group earnings results for the six months ended December 31, 2011. For the period, the company reported net profit attributable to shareholders of HKD 2,113.6 million or 140.08 cents per share compared to net profit attributable to shareholders of HKD 2,734.2 million or 184.09 cents per share a year ago. Excluding revaluation surplus (net of deferred taxation) on investment properties of HKD 904.1 million, the underlying net profit from operations was HKD 1,209.4 million for the interim period compared to HKD 1,239.0 million in 2010. Underlying earnings per share were 80.15 cents compared to 83.42 cents in 2010. Turnover of the group for the interim period was HKD 5,795.96 million compared to HKD 2,596.74 million in 2010. Profit before taxation was HKD 4 4,962.28 million compared to HKD 6,397.17 million in 2010. The directors have declared an interim dividend of 10 cents per share payable on April 24, 2012 to those shareholders whose names appear on the register of members of the company on March 19, 2012. The interim dividend will be payable in cash but shareholders will be given the option of electing to receive the interim dividend in the form of new shares in lieu of cash in respect of part or all of such dividend. The new shares to be issued pursuant to the scrip dividend scheme are subject to their listing being granted by the listing committee of the Stock Exchange of Hong Kong Limited.