Property News · August 28, 2017

Shun Tak reverses loss to post HK$699m interim profit on strong property sales


Shun Tak Holdings, which runs businesses from property to shipping and hotels, reported first half net profit of HK$699 million, reversing a HK$53 million loss in the same period last year, boosted by strong property sales.
The Hong Kong-listed company said in a statement on Monday that its revenue almost doubled to HK$3.678 billion from last year’s HK$1.867 billion.
According to the statement, basic earnings per share reached 23 HK cents compared to only 1.7 HK cents in the same period…

Source : South China Morning Post
Read more…Shun Tak reverses loss to post HK9m interim profit on strong property sales

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