Property News · August 1, 2019

Victor Li’s CK Asset sees core profit rise 16 per cent thanks to strong property sales before market soured


Victor Li Tzar-kuoi’s CK Asset Holdings announced a 16.4 per cent increase in core profit for the six months to June, driven by strong property sales in Hong Kong that it locked in before the housing market turned sour.Underlying interim profit, excluding investment property revaluation and property disposal, came to HK$14.05 billion (US$1.8 billion), up from HK$12.07 billion in 2018.CK Asset, the second largest developer by market value in Hong Kong, said revenue rose 41 per cent to HK$34…

Source : South China Morning Post
Read more…Victor Li’s CK Asset sees core profit rise 16 per cent thanks to strong property sales before market soured

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