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The Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . FIRST PACIFIC FIRST PACIFIC COMPANY LIMITED ( Incorporated with limited liability under the laws of Bermuda ) Website : www.firstpacific.com ( Stock Code : 00142 ) 2021 Interim Results - Unaudited FINANCIAL HIGHLIGHTS " " " " Profit contribution from operations increased by 26 % to US $ 249.2 million ( HK $ 1,943.8 million ) from US $ 197.4 million ( HK $ 1,539.7 million ) . Recurring profit increased by 38 % to US $ 209.5 million ( HK $ 1,634.1 million ) from US $ 151.7 million ( HK $ 1,183.3 million ) . Non - recurring losses decreased by 90 % to US $ 5.4 million ( HK $ 42.1 million ) from US $ 53.4 million ( HK $ 416.5 million ) . Profit attributable to owners of the parent increased by 80 % to US $ 181.0 million ( HK $ 1,411.8 million ) from US $ 100.6 million ( HK $ 784.7 million ) . Turnover increased by 23 % to US $ 4,226.0 million ( HK $ 32,962.8 million ) from US $ 3,437.7 million ( HK $ 26,814.1 million ) ( Restated ) . Basic earnings per share increased by 80 % to U.S. 4.18 cents ( HK32.6 cents ) from U.S. 2.32 cents ( HK18.1 cents ) . Recurring basic earnings per share ( calculated based on recurring profit ) increased by 38 % to U.S. 4.84 cents ( HK37.8 cents ) from U.S. 3.50 cents ( HK27.3 cents ) . An interim distribution of HK9.00 cents ( U.S. 1.15 cents ) ( 2020 : HK7.00 cents or U.S. 0.90 cent ) per ordinary share has been declared , representing a 29 % increase from 2020 and a payout ratio of approximately 24 % ( 2020 : 26 % ) of recurring profit . Equity attributable to owners of the parent increased by 1 % to US $ 3,183.6 million ( HK $ 24,832.1 million ) at 30 June 2021 compared with US $ 3,140.0 million ( HK $ 24,492.0 million ) at 31 December 2020 . Consolidated net debt decreased by 2 % to US $ 8,033.4 million ( HK $ 62,660.5 million ) at 30 June 2021 from US $ 8,205.6 million ( HK $ 64,003.7 million ) at 31 December 2020 . Consolidated gearing ratio remained stable at 0.77 times at 30 June 2021 . CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATED INCOME STATEMENT - UNAUDITED For the six months ended 30 June 2021 Turnover Cost of sales Gross profit Notes 2 US $ m 4,226.0 ( 2,855.7 ) 2020 ( Restated ) ( i ) US $ m 3,437.7 ( 2,365.3 ) 2021 2020 ( Restated ) ( i ) HK $ m * HK $ m * 32,962.8 26,814.1 ( 22,274.5 ) ( 18,449.4 ) 1,370.3 1,072.4 10,688.3 8,364.7 Selling and distribution expenses ( 354.9 ) ( 304.0 ) ( 2,768.2 ) ( 2,371.2 ) Administrative expenses ( 354.8 ) ( 289.1 ) ( 2,767.4 ) ( 2,255.0 ) Other operating expenses , net 3 ( A ) ( 66.2 ) ( 47.4 ) ( 516.3 ) ( 369.7 ) Interest income 19.8 Finance costs 3 ( B ) ( 233.9 ) 38.1 ( 205.4 ) 154.4 ( 1,824.4 ) 297.2 ( 1,602.1 ) Share of profits less losses of associated companies and joint ventures 167.3 Profit before taxation from continuing operations 3 547.6 Taxation 4 ( 140.7 ) 148.3 412.9 ( 151.9 ) 1,304.9 4,271.3 1,156.7 3,220.6 ( 1,097.5 ) ( 1,184.8 ) Profit for the period from continuing operations 406.9 261.0 3,173.8 2,035.8 Profit for the period from a discontinued operation 90.7 37.9 707.5 Profit for the period 497.6 298.9 3,881.3 295.6 2,331.4 Profit attributable to : Owners of the parent 6 181.0 100.6 1,411.8 784.7 Non - controlling interests 316.6 198.3 2,469.5 1,546.7 497.6 298.9 3,881.3 2,331.4 Profit attributable to owners of the parent arising from : Continuing operations 147.7 93.4 1,152.1 728.5 A discontinued operation 33.3 7.2 259.7 56.2 181.0 100.6 1,411.8 784.7 US $ US $ HKC * HKC * Earnings per share attributable to owners of the parent Basic 7 Continuing operations 3.41 2.15 26.6 16.8 A discontinued operation 0.77 0.17 6.0 1.3 4.18 2.32 32.6 18.1 Diluted Continuing operations A discontinued operation 3.40 2.15 26.5 16.8 0.77 0.17 6.0 1.3 4.17 2.32 32.5 18.1 ( i ) Refer to Note 14 Details of the interim distribution declared for the period are disclosed in Note 8 . -1-