Property News · January 26, 2017

Hang Lung Properties’ 2016 core profit up 45pc to HK$6.3bn


Hang Lung Properties, the first developer to kick off the reporting season, reported strong earnings last year on the back of rising property income in Hong Kong.
Underlying profit, excluding revaluation gains in investment properties, rose 45 per cent to HK$6.34 billion, or HK$1.38 per share, the company said in a statement to the Hong Kong exchange. Analysts polled by Reuters were expecting net income of HK$4.7 billion to HK$6.9 billion.
Despite strong property sales in Hong Kong, earnings…

Source : South China Morning Post
Read more…Hang Lung Properties’ 2016 core profit up 45pc to HK.3bn

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