Sun Hung Kai Properties underlying profit rose 4.6% to HKD 22.9 billion
Underlying profit rose 4.6% to HKD 22.9 billion. Reported profit increased 11.1% year-on-year, driven by strong Hong Kong sales, improved margins and prudent financial management.
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05:33:41 PM UTC
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Underlying profit rose 4.6% to HKD 22.9B, with reported profit up 11.1% year-on-year. Contracted sales in Hong Kong exceeded targets, and gearing improved to 10.7%. Outlook remains positive for both Hong Kong and Mainland, with strong project pipelines and prudent financial management.Based on Sun…
1% year-on-year. The company cited strong Hong Kong sales, better margins and prudent financial management as the main reasons for the result. It also pointed to new projects and solid rental performance as support for a positive outlook.