Property News · August 3, 2017

Li Ka-shing’s CK Property spends US$895m on share buy-backs as interim profits rise 14 per cent


Chueng Kong Property Holdings, controlled by tycoon Li Ka-shing, has reported a 14 per cent increase in core profits for the first half year, driven by a strong contribution from Hong Kong property sales.
Underlying profit, excluding revaluation gains on investment properties, amounted to HK$9.48 billion (US$1.21 billion), or HK$2.52 earnings per share, which beat market consensus expectation of HK$2.42 per share, by 12 per cent, according to analysts polled by Bloomberg.
The group has utilised…

Source : South China Morning Post
Read more…Li Ka-shing’s CK Property spends US5m on share buy-backs as interim profits rise 14 per cent

You may also like...