Property News · March 22, 2018

Shui On shares notch biggest weekly gain after profit beat forecast, even if outlook is modest


Shares of Shui On Land, the Hong Kong developer that owns the landmark Shanghai shopping and entertainment district Xintiandi, jumped by their most in a week, after its 2017 profit and sales revenue beat forecasts.
Net profit under general accounting rules more than doubled to 2.24 billion yuan, while its adjusted figure declined 31 per cent to 925.75 million yuan last year. Sales revenue rose 5 per cent to 18.45 billion yuan (US$2.9 billion), according to Shui On’s filings to the stock…

Source : South China Morning Post
Read more…Shui On shares notch biggest weekly gain after profit beat forecast, even if outlook is modest

You may also like...