{"id":61958,"date":"2017-07-27T12:35:08","date_gmt":"2017-07-27T05:35:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-properties-profit-dips-4pc-in-first-half-on-lower-rental-income\/"},"modified":"2017-07-27T12:38:27","modified_gmt":"2017-07-27T05:38:27","slug":"hang-lung-properties-profit-dips-4pc-in-first-half-on-lower-rental-income","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-properties-profit-dips-4pc-in-first-half-on-lower-rental-income\/","title":{"rendered":"Hang Lung Properties\u2019 profit dips 4pc in first half on lower rental income"},"content":{"rendered":"


\nInterim 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.
\nUnderlying profit in the first half, excluding revaluation gains in investment properties, dropped 4 per cent year on year to HK$3.04 billion, or HK$0.68 per share, the company said in a statement to the Hong Kong stock exchange on Thursday.
\nRevenue from property leasing dipped 2 per cent year on year to…
\n
\nSource : South China Morning Post
\nRead more…Hang Lung Properties\u2019 profit dips 4pc in first half on lower rental income<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Interim profits for Hong Kong developer Hang Lung Properties beat projections by Goldman Sachs but...<\/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-61958","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-g7k","jetpack-related-posts":[{"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":61958,"position":0},"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":[]},{"id":41983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-properties-2016-core-profit-up-45pc-to-hk6-3bn\/","url_meta":{"origin":61958,"position":1},"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":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":61958,"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":138565,"url":"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\/","url_meta":{"origin":61958,"position":3},"title":"Hong Kong developer Hang Lung Properties reports 23 per cent profit growth in first half but warns of \u2018clouds\u2019 in outlook","date":"July 31, 2023","format":false,"excerpt":"\r Net 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.\r \r Source : South China Morning Post\r Read more...Hong Kong developer Hang Lung Properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-2016-profit-tumbles-17-7pc-dragged-by-lower-rental-income\/","url_meta":{"origin":61958,"position":4},"title":"Chinese Estates 2016 profit tumbles 17.7pc, dragged by lower rental income","date":"March 9, 2017","format":false,"excerpt":"\r A week after a major share restructuring by the former chairman Joseph Lau Luen-hung, Chinese Estates Holdings reported 2016 net profit fell 17.7 per cent due to a sharp drop in rental income and smaller gains in revaluation on properties as a result of continuing asset disposals. For the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118560,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-picks-up-us-governments-hong-kong-mansions-for-hk2-56-billion-a-20-per-cent-discount-to-valuations\/","url_meta":{"origin":61958,"position":5},"title":"Hang Lung picks up US government\u2019s Hong Kong mansions for HK$2.56 billion, a 20 per cent discount to valuations","date":"September 10, 2020","format":false,"excerpt":"\r Hang Lung Properties, led by a billionaire developer who frequently calls for dialogue between the United States and China, has stepped in to pick up the US government\u2019s residential real estate asset in Hong Kong for a discount, just as US-China relations deteriorated to their worst in decades.The Hong\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\/61958"}],"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=61958"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61958\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=61958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=61958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=61958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}