Property News · August 31, 2018

Hong Kong developer Sino Land reports 99.9 per cent profit jump, as Chengdu property sale boosts bottom line


Hong Kong developer Sino Land said on Thursday its underlying net profit for the first half of 2018 had nearly doubled to HK$11 billion (US$1.4 billion), boosted by the disposal of a property in Chengdu, even as property sales revenue declined.
The company’s underlying net profit to shareholders, excluding the fair value change of its investment properties, and a gain on a 20 per cent interest retained in the Chengdu project, rose by 99.9 per cent year on year. Excluding the one-off gain…

Source : South China Morning Post
Read more…Hong Kong developer Sino Land reports 99.9 per cent profit jump, as Chengdu property sale boosts bottom line

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