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SHKP posts 4.6% profit rise amid Hong Kong’s property recovery

SHKP posts 4.6% profit rise amid Hong Kong’s property recovery
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Sun Hung Kai Properties (SHKP), Hong Kong’s 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 gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. “For the year under review,...

Sun Hung Kai Properties (SHKP), Hong Kong’s 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 gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. “For the year under review, Hong...
SHKP (ORG) Hong Kong’s (LOCATION) Sun Hung Kai Properties (PERSON) Hong Kong (LOCATION) Hong (LOCATION)
Originally published by South China Morning Post Read original →