Property News · July 27, 2017

Hang Lung Properties’ profit dips 4pc in first half on lower rental income


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
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