{"id":81179,"date":"2018-02-27T13:36:43","date_gmt":"2018-02-27T06:36:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builder-new-world-development-core-profit-falls-16pc-but-beats-estimates\/"},"modified":"2018-02-27T14:03:20","modified_gmt":"2018-02-27T07:03:20","slug":"hong-kong-builder-new-world-development-core-profit-falls-16pc-but-beats-estimates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builder-new-world-development-core-profit-falls-16pc-but-beats-estimates\/","title":{"rendered":"Hong Kong builder New World Development core profit falls 16pc, but beats estimates"},"content":{"rendered":"


\nBillionaire 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.
\nUnderlying profit, excluding revaluation gain on investment properties, was HK$4.2 billion for the six months to December, down from HK$5 billion a year earlier, according to a filing to the Hong Kong stock exchange. Revenue realised…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong builder New World Development core profit falls 16pc, but beats estimates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire Henry Cheng Kar-shun\u2019s New World Development on Tuesday reported\u00a0a 16 per cent decline in...<\/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-81179","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-l7l","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":81179,"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":105191,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-hong-kong-listed-chinese-developers-disappoint-investors-as-earnings-miss-estimates\/","url_meta":{"origin":81179,"position":1},"title":"Three Hong Kong-listed Chinese developers disappoint investors as earnings miss estimates","date":"March 20, 2019","format":false,"excerpt":"\r Three Hong Kong-listed Chinese developers that released their 2018 results on Wednesday missed expectations because of lower-than-expected revenue booking.China Overseas Land & Investment (COLI), the second-largest Hong Kong-traded Chinese developer by market capitalisation, posted an 8.3 per cent increase in core profit while revenue grew just 3.25 per cent.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-sino-land-to-give-special-dividend-after-core-profit-rises-by-218-per-cent\/","url_meta":{"origin":81179,"position":2},"title":"Hong Kong developer Sino Land to give special dividend after core profit rises by 218 per cent","date":"February 28, 2018","format":false,"excerpt":"\r Hong Kong developer Sino Land said on Wednesday it will pay out a special dividend after posting a 218.6 per cent jump in underlying profit for the July to December period. Its earnings were helped by a one-off gain from the disposal of a development in Chengdu, which also\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":81179,"position":3},"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":109563,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/victor-lis-ck-asset-sees-core-profit-rise-16-per-cent-thanks-to-strong-property-sales-before-market-soured\/","url_meta":{"origin":81179,"position":4},"title":"Victor Li\u2019s CK Asset sees core profit rise 16 per cent thanks to strong property sales before market soured","date":"August 1, 2019","format":false,"excerpt":"\r Victor Li Tzar-kuoi\u2019s CK Asset Holdings announced a 16.4 per cent increase in core profit for the six months to June, driven by strong property sales in Hong Kong that it locked in before the housing market turned sour.Underlying interim profit, excluding investment property revaluation and property disposal, came\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mtr-corp-net-profit-drops-21-1pc-to-hk10-2b-on-lower-property-income\/","url_meta":{"origin":81179,"position":5},"title":"Hong Kong\u2019s MTR Corp net profit drops 21.1pc to HK$10.2b on lower property income","date":"March 7, 2017","format":false,"excerpt":"\r MTR Corp announced a 21.1 per cent fall in net profit to HK$10.25 billion (US$1.32 billion) as its earnings contribution from Hong Kong property development slumped. 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