Property News · February 22, 2017

Sino Land posts 11.4 per cent drop in net profit


Hong Kong-listed developer Sino Land posted an 11.4 per cent drop in net profit to HK$3.4 billion (US$437 million) for the six month period ended December 31, because of lower gains from the disposal of investment properties.
Earnings per share stood at HK$ 0.56, down from HK$0.64, while the interim dividend was unchanged from a year ago at 13 HK cents.
The developer, chaired by Singaporean Robert Ng Chee Siong, said its unaudited underlying net profit attributable to shareholders – which…

Source : South China Morning Post
Read more…Sino Land posts 11.4 per cent drop in net profit

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