Sun Hung Kai Properties, Hong Kong’s second-largest developer by market capitalisation, reported a 36.7 per cent jump in first-half underlying profits on Tuesday, driven by upward spiral in home prices and strong sales.
Underlying profit, excluding revaluation gains on investment properties, climbed to HK$19.97 billion for the July to December period. Net profit that included property revaluation gains was up 59.9 per cent to HK$33 billion. Revenue for the six-month period rose 19 per…
Source : South China Morning Post
Read more…Hong Kong’s Sun Hung Kai Properties records 36pc interim profit jump
