Interim profits for Hong Kong developer Hang Lung Properties beat projections by Goldman Sachs but still came in 4 per cent lower compared to the same period last year on lower rental income.
Underlying profit in the first half, excluding revaluation gains in investment properties, dropped 4 per cent year on year to HK$3.04 billion, or HK$0.68 per share, the company said in a statement to the Hong Kong stock exchange on Thursday.
Revenue from property leasing dipped 2 per cent year on year to…
Source : South China Morning Post
Read more…Hang Lung Properties’ profit dips 4pc in first half on lower rental income















