Property News · March 22, 2022

Henderson Land, Hong Kong’s third-largest developer, warns of tough times ahead as it reports 9 per cent profit fall for 2021


Henderson Land Development, one of Hong Kong’s biggest home builders, reported a 9 per cent slump in profit to HK$13.6 billion (US$1.7 billion) in 2021, worse than the 1 per cent decline expected by analysts.Last year’s earnings were dented by the absence of a one-off gain from the Miramar Hotel and Investment Company when it became Henderson’s subsidiary in 2020, according to a company filing with the Hong Kong stock exchange on Tuesday.The developer has nonetheless proposed a dividend of HK$1…

Source : South China Morning Post
Read more…Henderson Land, Hong Kong’s third-largest developer, warns of tough times ahead as it reports 9 per cent profit fall for 2021

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