{"id":138565,"date":"2023-07-31T14:53:06","date_gmt":"2023-07-31T07:53:06","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-hang-lung-properties-reports-23-per-cent-profit-growth-in-first-half-but-warns-of-clouds-in-outlook\/"},"modified":"2023-07-31T14:59:55","modified_gmt":"2023-07-31T07:59:55","slug":"hong-kong-developer-hang-lung-properties-reports-23-per-cent-profit-growth-in-first-half-but-warns-of-clouds-in-outlook","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-hang-lung-properties-reports-23-per-cent-profit-growth-in-first-half-but-warns-of-clouds-in-outlook\/","title":{"rendered":"Hong Kong developer Hang Lung Properties reports 23 per cent profit growth in first half but warns of \u2018clouds\u2019 in outlook"},"content":{"rendered":"


\nNet profit rose to HK$2.39 billion (US$306 million) in the first half, while total revenue dropped 1 per cent even as mall revenue rebounded. Still, \u2018plenty of uncertainties\u2019 persist, both domestically and internationally, company says.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developer Hang Lung Properties reports 23 per cent profit growth in first half but warns of \u2018clouds\u2019 in outlook<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Net profit rose to HK$2.39 billion (US$306 million) in the first half, while total revenue...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138565","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-A2V","jetpack-related-posts":[{"id":61958,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-properties-profit-dips-4pc-in-first-half-on-lower-rental-income\/","url_meta":{"origin":138565,"position":0},"title":"Hang Lung Properties\u2019 profit dips 4pc in first half on lower rental income","date":"July 27, 2017","format":false,"excerpt":"\r Interim profits for Hong Kong developer Hang Lung Properties beat projections by Goldman Sachs but still came in 4 per cent lower compared to the same period last year on lower rental income. Underlying profit in the first half, excluding revaluation gains in investment properties, dropped 4 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-flags-tough-slog-for-property-as-it-looks-to-mainland-malls-for-growth\/","url_meta":{"origin":138565,"position":1},"title":"Hang Lung flags \u2018tough slog\u2019 for property, as it looks to mainland malls for growth","date":"January 30, 2026","format":false,"excerpt":"\r Hong Kong developer Hang Lung Properties is pinning its medium-term outlook on a recovery in mainland Chinese consumption, even as it warned that both the city\u2019s and China\u2019s property markets remain under strain. The commercial landlord, residential developer and hotel owner said it expected a \u201ctough slog\u201d for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-profit-falls-as-property-losses-and-weak-offices-offset-record-mall-rents\/","url_meta":{"origin":138565,"position":2},"title":"Hang Lung profit falls as property losses and weak offices offset record mall rents","date":"July 31, 2026","format":false,"excerpt":"\r Hong Kong developer Hang Lung Properties\u2019 underlying profit fell in the first half as losses from property sales, higher finance costs and a weak mainland China office market offset record rental income from its shopping malls. Underlying net profit declined 10 per cent from a year earlier to HK$1.44\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-properties-2016-core-profit-up-45pc-to-hk6-3bn\/","url_meta":{"origin":138565,"position":3},"title":"Hang Lung Properties\u2019 2016 core profit up 45pc to HK$6.3bn","date":"January 26, 2017","format":false,"excerpt":"\r Hang Lung Properties, the first developer to kick off the reporting season, reported strong earnings last year on the back of rising property income in Hong Kong. Underlying profit, excluding revaluation gains in investment properties, rose 45 per cent to HK$6.34 billion, or HK$1.38 per share, the company said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worse-to-come-for-hong-kongs-hotel-retail-sectors-warns-sun-hung-kai-properties-as-profit-takes-a-pounding-from-coronavirus-protests\/","url_meta":{"origin":138565,"position":4},"title":"Worse to come for Hong Kong\u2019s hotel, retail sectors, warns Sun Hung Kai Properties as profit takes a pounding from coronavirus, protests","date":"February 27, 2020","format":false,"excerpt":"\r Sun Hung Kai Properties, the biggest Hong Kong developer by value, warned of a bleak outlook for the hospitality and retail sectors after its hotel business took a pounding in the second half of last year.The company\u2019s hotel operating profit plummeted by HK$595 million, or 75.1 per cent, to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hang-lung-properties-sees-2017-underlying-profit-fall-on-declining-china-mall-rental-income\/","url_meta":{"origin":138565,"position":5},"title":"Hong Kong\u2019s Hang Lung Properties sees 2017 underlying profit fall on declining China mall rental income","date":"January 30, 2018","format":false,"excerpt":"\r Hong Kong developer Hang Lung Properties, which owns the Fashion Walk shopping area in Causeway Bay and eight shopping centres in China, reported a 13 per cent fall in 2017 underlying profit, citing fewer property sales and a decline in rental income from its mainland China business. Underlying profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138565"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=138565"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138565\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=138565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=138565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=138565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}