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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 . S 新世界 發展 有限公司 New World Development Company Limited ( incorporated in Hong Kong with limited liability ) ( Hong Kong Stock Code : 0017 ) Interim Results Announcement 2020/2021 Results Highlights : The Group recorded consolidated revenues of HK $ 35,577.3 million , up 9.6 % . Underlying profit was HK $ 3,718.6 million and profit attributable to shareholders of the Company was HK $ 1,013.0 million , down slightly by 5 % and 0.4 % respectively The Group's attributable contracted sales in Hong Kong amounted to about HK $ 26.3 billion , which exceeded its FY2021 Hong Kong contracted sales target of HK $ 20 billion The Group's overall contracted sales in Mainland China amounted to about RMB11.2 billion , which completed 56 % of its FY2021 Mainland China contracted sales target of RMB20 billion Due to an improvement in overall occupancy rate , gross rental income in Hong Kong and Mainland China was up 7.1 % and 3.6 % respectively ➤ Continuous stringent cost control efforts as evidenced by the 12 % YOY decrease in recurring administrative and other operating expenses Through active disposal of non - core assets and businesses , the Group will continue to optimise its asset portfolio and returns . During the period under review , the Group completed the disposal of non - core assets totalling about HK $ 5.9 billion . In January 2021 , NWS Holdings Limited disposed the main assets of its Environment segment at a consideration of HK $ 6,533 million . From 1 July 2020 to the end of February 2021 , the total proceeds of non - core assets disposal was HK $ 12.8 billion Total capital resources amounted to HK $ 102 billion , including cash and bank balances of approximately HK $ 55 billion and undrawn facilities from banks of approximately HK $ 47 billion ➤ Net gearing ratio declined to 40.4 % from 41.6 % as at the end of June 2020 ➤ Overall financing cost has decreased to 2.93 % from 4.31 % in 1HFY2020 ➤ All refinancing of borrowings due in FY2021 has been taken care of ➤ FY2021 interim dividend : HK $ 0.56 per share , the same as 1HFY2020 ( after share consolidation ) , maintains prevailing sustainable and progressive dividend policy