{"id":62784,"date":"2017-08-04T18:45:29","date_gmt":"2017-08-04T11:45:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-peak-tram-operators-interim-net-profit-doubles-after-property-revaluation\/"},"modified":"2017-08-04T18:50:12","modified_gmt":"2017-08-04T11:50:12","slug":"the-peak-tram-operators-interim-net-profit-doubles-after-property-revaluation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-peak-tram-operators-interim-net-profit-doubles-after-property-revaluation\/","title":{"rendered":"The Peak Tram operator\u2019s interim net profit doubles after property revaluation"},"content":{"rendered":"


\nHongkong & Shanghai Hotels Ltd., the owner of The Peninsula hotel and operator of the tram service to Hong Kong\u2019s Peak, said its first-half profit more than doubled, as higher revaluation of its property portfolio boosted its bottom line.
\nNet profit jumped to HK$519 million (US$66.4 million), or HK$0.33 per share, due to a HK$359 million gain through a revaluation of its investment property. Excluding the gain, the company\u2019s underlying profit rose 19 per cent to HK$181 million,…
\n
\nSource : South China Morning Post
\nRead more…The Peak Tram operator\u2019s interim net profit doubles after property revaluation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hongkong & Shanghai Hotels Ltd., the owner of The Peninsula hotel and operator of the...<\/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-62784","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-gkE","jetpack-related-posts":[{"id":64288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hendersons-interim-profit-more-than-doubles-in-hong-kongs-real-estate-boom\/","url_meta":{"origin":62784,"position":0},"title":"Henderson\u2019s interim profit more than doubles in Hong Kong\u2019s real estate boom","date":"August 22, 2017","format":false,"excerpt":"\r Henderson Land Development\u2019s interim earnings more than doubled, as booming sales in the world\u2019s most expensive real estate market helped meet its full-year sales target within six months, and bolstered its bottom line. Underlying profit, excluding revaluation gains on investment properties jumped to HK$10.73 billion (US$1.37 billion) in the\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":62784,"position":1},"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. Underlying profit, excluding revaluation gains on investment properties, climbed to HK$19.97 billion for the July to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-k-wah-reports-first-decline-in-core-profit-since-2017-in-absence-of-dividend-from-chairman-lui-che-woos-casino-firm-galaxy-entertainment\/","url_meta":{"origin":62784,"position":2},"title":"Hong Kong developer K Wah reports first decline in core profit since 2017 in absence of dividend from chairman Lui Che-woo\u2019s casino firm Galaxy Entertainment","date":"March 22, 2022","format":false,"excerpt":"\r K Wah International Holdings, the property developer owned by one of Macau\u2019s biggest casino owners, reported its first drop in annual core earnings since 2017 after a Covid-19 led tourism slump deprived it of dividends from the gambling business.The company\u2019s 2021 underlying profit, excluding a revaluation gain on investment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":62784,"position":3},"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 "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":62784,"position":4},"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":104939,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-sets-a-conservative-sales-target-of-hk10-billion-this-year-after-reporting-9-per-cent-rise-in-core-profit\/","url_meta":{"origin":62784,"position":5},"title":"Wheelock sets a \u2018conservative\u2019 sales target of HK$10 billion this year after reporting 9 per cent rise in core profit","date":"March 12, 2019","format":false,"excerpt":"\r Wheelock and Co, which invests in property, hotels and logistics, set a conservative sales target of about HK$10 billion (US$1.27 billion) for this year after the group reported a modest gain in core profit for last year.Underlying profit, excluding revaluation gains on investment properties, amounted to HK$13.2 billion (US$1.69\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\/62784"}],"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=62784"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/62784\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=62784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=62784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=62784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}