For 2000, Group attributable profit amounted to $120.6 million. The results included the profit from Villa Verde and Pebble Bay, the maiden profit contributions from Caribbean at Keppel Bay and Freesia Woods, adjustments of costs in respect of completed projects and release of certain provisions no longer required, as well as higher earnings from the Group’s investment properties.

Proposed dividend per share was 3.0 cents, same as the previous year’s.

Earnings per share was 17.1 cents, compared with 11.8 cents in 1999.

At end-2000, shareholders’ funds increased by 4.2% to $2,240 million.

Return on shareholders’ funds was 5.5%, compared with 4% in 1999.

Total sales (including associated companies) was $826.2 million compared with $1,326.1 million for 1999. Consolidated sales (i.e. sales excluding associated companies) were $500.5 million versus $996 million for the previous year.

Revenue from Property Investment rose by 10.7% while Property Trading declined by 50.1%. Hospitality and Services showed a marginal increase.

Operating profit for 2000 was $168.6 million, compared with $157.1 million for 1999.

The Group’s share of associated companies’ profit was $10.4 million compared with $20.7 million in 1999. Group profit before tax was $158.9 million, compared with $141.3 million in 1999.