K Wah International Holdings' attributable profit in the year to December 31 has surged 63.87 per cent to HK$82.08 million from the preceding nine-month period.
Turnover for the property developer rose 64.96 per cent to HK$1.78 billion. The board of directors recommended a final dividend of two HK cents.
The results related to figures in the preceding nine months because the company changed its financial year-end date from March 31 to December 31.
Subsidiary K Wah Construction Materials also saw an increase in attributable profit to HK$166.28 million, up from HK$143.47 million in the preceding nine months.
K Wah deputy-chairman Francis Lui Yiu-tung expected property prices to make an upward adjustment in the future.
'The tension between China and the United States [over the spy plane incident] could have caused people to take a more conservative outlook in the short term,' he said. 'But we are optimistic about the longer-term prospects of the sector.'