Property News · January 30, 2018

Hong Kong’s Hang Lung Properties sees 2017 underlying profit fall on declining China mall rental income


Hong Kong developer Hang Lung Properties, which owns the Fashion Walk shopping area in Causeway Bay and eight shopping centres in China, reported a 13 per cent fall in 2017 underlying profit, citing fewer property sales and a decline in rental income from its mainland China business.
Underlying profit for the year, which excludes revaluation gains in investment properties, dropped to HK$5.53 billion (US$707.3 million), although net profit jumped 31 per cent to HK$8.12 billion after a…

Source : South China Morning Post
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