Hong Fok

Hong Fok: FY13 net profit spiked 361% to $357m mainly on a $323.6m revaluation gain of the car park block at International Building. Bottomline was also boosted by compensation income ($2m) and gain from change in interests in associates ($8.9m), mitigated by lower contributions from associates (-71%). Revenue grew 46% to $227.6m from progressive recognition of Concourse Skyline. Group declared first and final DPS of 1.5¢, more than double of FY12's 0.6¢.