Property News · February 28, 2017

Sun Hung Kai reports 57pc increase in first half core profit on strong home sales


Sun Hung Kai Properties, Hong Kong’s largest property developer by market capitalisation, on Tuesday reported a 57 per cent increase in first-half underlying net profit, driven by strong home sales in Hong Kong.
The developer, which has a diversified portfolio of flats, retail and office space in both Hong Kong and mainland China, increased its interim dividend by 4.8 per cent to HK$1.1 per share.
Underlying net profit, excluding one-off items and foreign exchange fluctuations, climbed to…

Source : South China Morning Post
Read more…Sun Hung Kai reports 57pc increase in first half core profit on strong home sales

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