Annual Report 2014
Message from
the chairman

Message from the Chairman

Our consolidated profit attributable to shareholders for 2014 was HK$11,069 million, HK$2,222 million lower than in 2013. Underlying profit attributable to shareholders, which principally adjusts for changes in the valuation of investment properties, increased by HK$1,268 million or 15% to HK$9,739 million. This increase in underlying profit reflects higher profits from the Property Division, the Cathay Pacific group and the Beverages and Trading & Industrial Divisions. There were lower profits from the HAECO group and the Marine Services Division.

For more information on the 2014 results of each of our operating divisions, please go to Performance Review and select a division.

The Directors have declared second interim dividends of HK$2.80 per 'A' share and HK$0.56 per 'B' share which, together with the first interim dividends of HK$1.10 per 'A' share and HK$0.22 per 'B' share paid in October 2014, amount to full year dividends of HK$3.90 per 'A' share and HK$0.78 per 'B' share, compared to full year dividends of HK$3.50 per 'A' share and HK$0.70 per 'B' share in respect of 2013. The second interim dividends will be paid on 8th May 2015 to shareholders registered at the close of business on the record date, being Friday, 17th April 2015. Shares of the Company will be traded ex-dividend from Wednesday, 15th April 2015.

Sustainable development continues to be a key strategic objective of the Group. It helps to create long-term value for shareholders by safeguarding natural resources, supporting the communities in which we operate, concentrating on health and safety and on our staff and their well-being (and that of others with whom we engage) and encouraging our suppliers to maintain sustainability standards similar to our own.

For more information on the 2014 sustainable development highlights, please go to the Sustainable Development Review and select a sustainable development topic.