Soho China Full-Year Results In Line; Earnings Boosted by Disposals
Soho China reported full-year 2017 results in line with expectations. Rental turnover and gross profit were up 11% and 12% year on year, respectively, with margin edging up slightly. The increase was attributed to higher rental income as the rental portfolio continues to mature. During the year, the company declared two special dividends totaling CNY 0.922 per share, with no further year-end dividend. Both special dividends were funded by proceeds from asset disposals. We expect one more asset d...Soho China is engaged in property development and property investments. Co. operates within three segments: completed projects held for sale; completed investment properties; and projects under development.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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