Investment Properties in Hong Kong Underpin Hongkong Land's Interim Result
Hongkong Land Holdings reported underlying earnings of USD 455 million, down 3% year on year. The most important segment, Hong Kong investment property portfolio, saw rental income and operating profit up 9% and 5% year on year, slightly below our estimate, due to some margin compression. Less booking from development properties resulted in overall earnings lower for the interim period. The company announced an interim dividend of USD 0.06 per share, unchanged from a year ago, and in line with o...Hongkong Land Holdings is a member of the Jardine Matheson Group. Co. is a property investment, management and development group in Asia. Co. owns and manages almost 800,000 sq. m. of office and retail property in Asian cities, principally in Hong Kong and Singapore. Co. has two operating segments: Commercial Property and Residential Property.
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