Brief: Hang Lung Group posts HY net profit of HK$ 1.79 bln

Hang Lung

28/07/2016 05:21

July 28 (Reuters) - Hang Lung Group Ltd  0010.HK : 
 
 * 2016 interim results 
 * HY turnover HK$ 6.610 billion versus HK$4.89 billion a year ago 
 * HY net profit HK$ 1.79 billion versus HK$1.78 billion a year ago 
 * Declared an interim dividend of HK19 cents per share for 2016 
 * Expected both mainland China and Hong Kong will continue to face the 
 challenges in the second half of 2016 
 * Will continue to closely monitor residential property market in Hong Kong, 
and to sell some of residential units on hand 
 * Long-term effect of brexit remains unclear, "although the immediate impact to 
business is unlikely to be significant" 
 * Will also launch more promotion programs in order to help our tenants drive 
their sales 
 * Source text for Eikon  ID:nHKS50hTg9  
 
 ((For more news, please click here  0010.HK )) 
 ((Bengaluru Newsroom; +91 80 6749 1130))