Hong Kong’s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half

//Hong Kong’s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half

Hong Kong’s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half

Hong Kong property developer Sino Land reported a 73 per cent drop in underlying net profit attributable to shareholders for the July to December period, with the decline attributed to distortions created by one-off asset disposals in the year earlier period.Underlying profit, excluding the revaluation gains on investment property, was HK$2.37 billion (US$301.92 million) compared to HK$8.93 billion in 2017, according to a filing with the Hong Kong Stock Exchange on Thursday.Its revenue jumped…

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By | 2019-02-28T12:32:08+00:00 February 28th, 2019|Business|Comments Off on Hong Kong’s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half