TC

28/07/2016 12:28

Hang Lung Properties 1H net up 3% to HK$2.9bn; div HK17 cts

    Hang Lung Properties (00101) said its net profit attributable to shareholders for the six months ended 30 June 2016 rose 3.3% year-on-year to HK$2,935.
  Basic and diluted earnings per share were HK$0.65.
  The revenue was HK$6,311 million, an increase of 37% from a year earlier. Property sales revenue surged 223% to HK$2,404 million as more residential units were sold during the first half of 2016. Revenue of property leasing posted a moderate growth to HK$3,907 million, or up 5% if excluding the 6% period-on-period Renminbi depreciation against the Hong Kong Dollar. Correspondingly, total operating profit advanced 23% to HK$4,320 million.
  Underlying net profit attributable to shareholders amounted to HK$3,167 million, up 29% year-on-year.
  The proposed interim dividend is HK17 cents (2015: HK17 cents) per share, payable on 29 September 2016.

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