{"id":64399,"date":"2017-08-23T16:41:59","date_gmt":"2017-08-23T09:41:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/k-wahs-interim-core-profit-drops-as-it-defers-booking-most-of-its-home-sales-under-accounting-rule\/"},"modified":"2017-08-23T16:42:30","modified_gmt":"2017-08-23T09:42:30","slug":"k-wahs-interim-core-profit-drops-as-it-defers-booking-most-of-its-home-sales-under-accounting-rule","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/k-wahs-interim-core-profit-drops-as-it-defers-booking-most-of-its-home-sales-under-accounting-rule\/","title":{"rendered":"K Wah\u2019s interim core profit drops as it defers booking most of its home sales under accounting rule"},"content":{"rendered":"


\nK Wah International, the property developer chaired by casino magnate Lui Che-woo, announced a plunge in its first-half core profit, because it could only book one-sixth of the earnings from its biggest residential project K City at the former Kai Tak airport site.
\nUnderlying profit, excluding revaluation gain on investment properties, declined 28.7 per cent to HK$1.29 billion (US$165.2 million) for the six months to June, according to a statement to Hong Kong\u2019s stock exchange.
\nNet profit…
\n
\nSource : South China Morning Post
\nRead more…K Wah\u2019s interim core profit drops as it defers booking most of its home sales under accounting rule<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

K Wah International, the property developer chaired by casino magnate Lui Che-woo, announced a plunge...<\/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-64399","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-gKH","jetpack-related-posts":[{"id":90270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-market-shows-no-sign-of-cooling-down-as-k-wahs-solaria-flats-get-overwhelming-response\/","url_meta":{"origin":64399,"position":0},"title":"Housing market shows no sign of cooling down as K Wah\u2019s Solaria flats get overwhelming response","date":"June 2, 2018","format":false,"excerpt":"\r K Wah International Holdings received 8,400 bids for the 238 flat units available at its Solaria project in Tai Po over the weekend, an overwhelming response that underscored Hong Kong\u2019s buoyant residential property market, where average monthly prices had risen for 25 consecutive months. More than 100 of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139101,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/k-wahs-dongguan-project-is-betting-on-cheaper-mortgages-river-views-luring-hong-kong-homebuyers-to-greater-bay-area-city\/","url_meta":{"origin":64399,"position":1},"title":"K Wah\u2019s Dongguan project is betting on cheaper mortgages, river views luring Hong Kong homebuyers to Greater Bay Area city","date":"September 7, 2023","format":false,"excerpt":"\r Property developer K Wah International Holdings has set aside flats for buyers from Hong Kong at its Bayview project in Dongguan, a city in the Greater Bay Area.\r \r Source : South China Morning Post\r Read more...K Wah\u2019s Dongguan project is betting on cheaper mortgages, river views luring Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119075,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-snap-up-ck-assets-new-launch-in-sha-tin-snubbing-k-wahs-two-year-old-kai-tak-project\/","url_meta":{"origin":64399,"position":2},"title":"Hong Kong homebuyers snap up CK Asset\u2019s new launch in Sha Tin, snubbing K Wah\u2019s two-year old Kai Tak project","date":"October 31, 2020","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers jumped at the chance for life in the luxury district of Sha Tin, snapping up a new residential project launched there, while giving their collective cold shoulder to a two-year old leftover development at the city\u2019s former airport site.\rCK Asset Holdings sold 84 out of 98\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-posts-31-2-per-cent-drop-in-interim-profit-as-it-adopts-new-accounting-standard\/","url_meta":{"origin":64399,"position":3},"title":"Sun Hung Kai Properties posts 31.2 per cent drop in interim profit as it adopts new accounting standard","date":"February 27, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s biggest developer by market value, reported a 31.2 per cent fall in underlying profit for the six months to December because of a change in accounting policy, it said in a filing to the Hong Kong stock exchange on Wednesday.The company said that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22474,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-holdings-sees-14pc-rise-in-core-interim-profit\/","url_meta":{"origin":64399,"position":4},"title":"Wharf Holdings sees 14pc rise in core interim profit","date":"August 10, 2016","format":false,"excerpt":"\r Wharf Holdings, the Hong Kong conglomerate with interests in property, infrastructure, hotels and communications, posted better-than-expected core interim profits on Wednesday as a result of growing rental income and property sales in the mainland.\r \r Source : South China Morning Post\r Read more...Wharf Holdings sees 14pc rise in core\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":64399,"position":5},"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 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