{"id":45122,"date":"2017-02-22T13:44:15","date_gmt":"2017-02-22T06:44:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-net-profit-surges-31-per-cent-as-chairman-cheng-kar-shun-recovering-very-well\/"},"modified":"2017-02-22T19:02:53","modified_gmt":"2017-02-22T12:02:53","slug":"new-world-development-net-profit-surges-31-per-cent-as-chairman-cheng-kar-shun-recovering-very-well","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-net-profit-surges-31-per-cent-as-chairman-cheng-kar-shun-recovering-very-well\/","title":{"rendered":"New World Development net profit surges 31 per cent as chairman Cheng Kar-shun \u2018recovering very well\u2019"},"content":{"rendered":"<p>&#013;<br \/>\nBillionaire Henry Cheng Kar-shun\u2019s New World Development reported better-than-expected earnings for the first half of the current financial year.<br \/>\nThe Hong Kong real estate developer saw its net profit climb 31.4 per cent to HK$4.3 billion (US$ 559 million) in the six months ended December 31, the company said in a statement to the stock exchange. Earnings per share stood at 46 HK cents. Analysts polled by Bloomberg had forecast a net profit of HK$3.4 billion.<br \/>\nHong Kong\u2019s primary&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/business\/companies\/article\/2072988\/new-world-development-net-profit-surges-31-cent-strong-hong-kong\" target=\"_blank\">New World Development net profit surges 31 per cent as chairman Cheng Kar-shun \u2018recovering very well\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Billionaire Henry Cheng Kar-shun\u2019s New World Development reported better-than-expected earnings for the first half of&#46;&#46;&#46;<\/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-45122","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-bJM","jetpack-related-posts":[{"id":81179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builder-new-world-development-core-profit-falls-16pc-but-beats-estimates\/","url_meta":{"origin":45122,"position":0},"title":"Hong Kong builder New World Development core profit falls 16pc, but beats estimates","date":"February 27, 2018","format":false,"excerpt":"\r Billionaire Henry Cheng Kar-shun\u2019s New World Development on Tuesday reported\u00a0a 16 per cent decline in interim core profit for the six months ended December as property sales fell 24 per cent, although they were higher than estimates from two brokerages. Underlying profit, excluding revaluation gain on investment properties, was\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-plans-us3-2b-emerging-industrial-cluster-in-kowloon-east\/","url_meta":{"origin":45122,"position":1},"title":"New World Development plans US$3.2b \u2018emerging industrial cluster\u2019 in Kowloon East","date":"August 22, 2017","format":false,"excerpt":"\r New World Development is planning to invest HK$25 billion (US$3.2 billion) to create an \u201cemerging industrial cluster\u201d that will feature co-working concept developments in Kowloon East designed to woo innovative technology start-ups. The developer, chaired by Hong Kong\u2019s third richest family of Henry Cheng Kar-shun, unveiled the plan after\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-cheng-to-launch-us11-97-billion-london-residential-project-in-hong-kong\/","url_meta":{"origin":45122,"position":2},"title":"New World\u2019s Cheng to launch US$11.97 billion London residential project in Hong Kong","date":"April 17, 2018","format":false,"excerpt":"\r Henry Cheng Kar-shun, the chairman of Hong Kong\u2019s New World Development, will release his \u00a38.4 billion (US$11.97 billion) redevelopment project in East London to Hong Kong buyers on Friday, April 20. Knight Dragon, a company that he owns privately, will test interest among Hong Kong buyers with 86 units\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":837,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-revives-plan-to-take-its-mainland-china-property-unit-private\/","url_meta":{"origin":45122,"position":3},"title":"New World Development revives plan to take its mainland China property unit private","date":"January 6, 2016","format":false,"excerpt":"\r New World Development, chaired by Henry Cheng Kar-shun, has revived a privatisation plan for its subsidiary New World China Land in a HK$21.4 billion deal to buy out the shares it does not own in the property unit.\r \r Source : South China Morning Post\r Read more...New World Development\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42627,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tycoon-henry-cheng-becomes-biggest-chinese-investor-in-post-brexit-uk-with-1-billion-london-project\/","url_meta":{"origin":45122,"position":4},"title":"Tycoon Henry Cheng becomes biggest Chinese investor in post-Brexit UK with \u00a31 billion London project","date":"February 2, 2017","format":false,"excerpt":"\r Henry Cheng Kar-shun, chairman of Hong Kong\u2019s New World Development, has committed to invest \u00a31 billion to develop a mixed property project in London, becoming the biggest single Chinese investor in Britain after the country\u2019s vote to leave the European Union. The project will comprise 800 apartment units, office\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chow-tai-fooks-henry-cheng-reveals-hong-kong-empires-win-win-investment-philosophy\/","url_meta":{"origin":45122,"position":5},"title":"Chow Tai Fook\u2019s Henry Cheng reveals Hong Kong empire\u2019s win-win investment philosophy","date":"January 19, 2026","format":false,"excerpt":"\r Chow Tai Fook Enterprise (CTFE), the parent of embattled New World Development (NWD), will keep pursuing deals that create \u201cwin-win outcomes\u201d, chairman Henry Cheng Kar-shun said as he revealed the private investment holding company\u2019s philosophy for the first time. While all investors love to talk about mutual benefit, Cheng\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45122"}],"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=45122"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45122\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=45122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=45122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=45122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}