Property News · August 21, 2019

Henderson posts second straight drop in interim revenue, as one of Hong Kong’s largest developers falls victim to real estate slump


Henderson Land Development reported its second consecutive double-digit percentage decline in interim revenue, as one of Hong Kong’s largest developers fell victim to the city’s slowing property market.Turnover fell 38 per cent to HK$8.12 billion in the six months ended June, while first-half underlying profit, excluding revaluation gains on investment properties, dropped to HK$6.7 billion. Revenue from real estate sales plunged 68 per cent to HK$2.7 billion during the period, said Henderson,…

Source : South China Morning Post
Read more…Henderson posts second straight drop in interim revenue, as one of Hong Kong’s largest developers falls victim to real estate slump

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