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















