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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.
Sun Hung Kai Properties said underlying profit rose 4.6% to HKD 22.9 billion. It reported stable operating profit and improved margins in Hong Kong property development.
Underlying profit rose 4.6% to HK$22,850 million, while reported profit increased 11.1%. Net debt was reduced by 47% since Dec 2023, and the gearing ratio was halved.
Underlying profit rose 4.6% to HK$22,850 million, while reported profit increased 11% to HK$21,426 million. Revenue grew 22% to HK$110,105 million and net debt fell to HK$67.6 billion.