Billionaire Henry Cheng Kar-shun’s New World Development reported better-than-expected earnings for the first half of the current financial year.
The Hong Kong real estate developer saw its net profit climb 31.4 per cent to HK$4.3 billion (US$ 559 million) in the six months ended December 31, the company said in a statement to the stock exchange. Earnings per share stood at 46 HK cents. Analysts polled by Bloomberg had forecast a net profit of HK$3.4 billion.
Hong Kong’s primary…
Source : South China Morning Post
Read more…New World Development net profit surges 31 per cent as chairman Cheng Kar-shun ‘recovering very well’















