{"id":49108,"date":"2017-03-22T12:01:59","date_gmt":"2017-03-22T05:01:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-lands-2016-profit-rises-amid-record-property-prices\/"},"modified":"2017-03-22T12:10:42","modified_gmt":"2017-03-22T05:10:42","slug":"china-overseas-lands-2016-profit-rises-amid-record-property-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-lands-2016-profit-rises-amid-record-property-prices\/","title":{"rendered":"China Overseas Land\u2019s 2016 profit rises amid record property prices"},"content":{"rendered":"


\nState-owned developer China Overseas Land & Investment, said its 2016 net profit climbed 6.9 per cent, amid record property prices in the country over the past two years.
\nNet profit rose to HK$37 billion (US$4.76 billion), or HK$3.64 per share. Core earnings, excluding fair value gains, rose to HK$31.4 billion, in line with the expectations of analysts polled by Bloomberg. Excluding losses generated by the property assets acquired from Citic Group, the profit attributable to shareholders…
\n
\nSource : South China Morning Post
\nRead more…China Overseas Land\u2019s 2016 profit rises amid record property prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

State-owned developer China Overseas Land & Investment, said its 2016 net profit climbed 6.9 per...<\/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-49108","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-cM4","jetpack-related-posts":[{"id":83317,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-lands-underlying-profit-rises-38-per-cent-beats-estimates\/","url_meta":{"origin":49108,"position":0},"title":"Henderson Land\u2019s underlying profit rises 38 per cent, beats estimates","date":"March 21, 2018","format":false,"excerpt":"\r Henderson Land Development, owned by one of Hong Kong\u2019s wealthiest families, revealed it holds majority stakes in 51 projects to redevelop old tenement buildings in the city as it reported better-than-expected underlying profit. Excluding revaluation gains on investment properties, underlying profit jumped 38 per cent to HK$19.55 billion in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-land-investment-core-profit-up-9-2pc-but-lags-analysts-estimates\/","url_meta":{"origin":49108,"position":1},"title":"China Overseas Land & Investment core profit up 9.2pc, but lags analysts\u2019 estimates","date":"March 26, 2018","format":false,"excerpt":"\r China Overseas Land & Investment, the country\u2019s top property developer by market value, logged a 9.21 per cent rise in core profit, mainly driven by property sales.\u00a0 The state-backed developer posted a core profit of HK$34.26 billion (US$4.37 billion) in 2017,\u00a0after excluding revaluation gains. The figure in 2016 was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-posts-4-6-profit-rise-amid-hong-kongs-property-recovery\/","url_meta":{"origin":49108,"position":2},"title":"SHKP posts 4.6% profit rise amid Hong Kong\u2019s property recovery","date":"September 10, 2026","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64156,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-land-to-accelerate-investment-in-hong-kong-after-posting-25pc-interim-profit-gain\/","url_meta":{"origin":49108,"position":3},"title":"China Overseas Land to accelerate investment in Hong Kong after posting 25pc interim profit gain","date":"August 21, 2017","format":false,"excerpt":"\r State-owned developer China Overseas Land & Investment said it will accelerate investment in Hong Kong to take advantage of opportunities in the Greater Bay Area initiative after it reported first-half profit rose 25 per cent. The blue-chip developer saw net profit for the first six months expand to HK$21.7\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102606,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developers-net-profit-at-hong-kongs-old-kai-tak-airport-to-lose-altitude-amid-turbulence-in-property-market\/","url_meta":{"origin":49108,"position":4},"title":"China developer\u2019s net profit at Hong Kong\u2019s old Kai Tak airport to lose altitude amid turbulence in property market","date":"December 30, 2018","format":false,"excerpt":"\r China Overseas Land & Investment is likely to see about a 15 per cent profit margin on its latest HK$8.03 billion parcel acquisition at the city\u2019s old airport site, far less than the windfall it made five years ago on its first purchases there, analysts say. China Overseas was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sun-hung-kai-properties-records-36pc-interim-profit-jump\/","url_meta":{"origin":49108,"position":5},"title":"Hong Kong\u2019s Sun Hung Kai Properties records 36pc interim profit jump","date":"February 27, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s second-largest developer by market capitalisation, reported a 36.7 per cent jump in first-half underlying profits on Tuesday, driven by upward spiral in home prices and strong sales. 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