not vested
Fosun basks in revampby Tereza Cai
Net profit at mainland conglomerate Fosun International (0656) climbed 1.9 percent to 13.4 billion yuan (HK$15.66 billion) last year, with a final dividend of 37 HK cents per share declared.
The payout ratio was 20 percent and a dividend yield of 3.25 percent.
Revenue rose 24.2 percent to 109.35 billion yuan.
Its health ecosystem division saw revenue rise 29.38 percent to 29.09 billion yuan, accounting for 26.61 percent of total revenue, mainly attributable to
Fosun Pharma's revenue growth.Its happiness ecosystem division recorded a 73.46 percent increase in revenue to 44.16 billion yuan, making up 40.38 percent of total revenue, mainly due to
Yuyuan contributions being consolidated into the financial statements after the completion of the reorganization, as well as the business expansion of
Club Med and the opening of Atlantis Sanya of Fosun Tourism (1992).
Wealth ecosystem revenue fell 9.5 percent to 36.88 billion yuan.
The group reported some initial public offerings of its mature assets, including the listing of Yuyuan in Shanghai, Fosun Tourism in December and Babytree (1761) in November in Hong Kong.
Fosun sank 28.5 billion yuan in 2018 into over 70 new investments with nearly half of them overseas, such as
French health food company St Hubert and Sanyuan Foods for 625 million euros (HK$5.53 billion); a
17.99 percent equity interest in Tsingtao Brewery for HK$6.62 billion; and the acquisitions of fashion brands
Lanvin and Wolford.In July 2018, the group acquired 69.18 percent of
Baihe Jiayuan, a matchmaking-to-wedding services provider, for four billion yuan.
It has also announced a takeover bid for troubled German clothing retailer
Tom Tailor in February, hoping to further expand its reach into Europe's fashion sector.
Fosun said it would continue to focus on increasing its net asset value per share through continued value investments balanced with well-timed exits, and would continue to narrow the discount between the net asset value per share and the share price.
As of December 31, its
adjusted NAV per share was HK$24.84. It share price stood at HK$11.82, down 1.83 percent.
Source: The Standard
http://www.thestandard.com.hk/section-n ... 0327&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"