Brief: Hang Lung Properties Posts FY Net Profit Attributable Of HK$6,172 Mln

Hang Lung Properties

21/01/2020 07:35

Jan 21 (Reuters) - Hang Lung Properties Ltd  0101.HK :
    * FY NET PROFIT ATTRIBUTABLE HK$6,172 MILLION VERSUS
HK$8,078
MILLION
    * FY REVENUE HK$8,852 MILLION VERSUS HK$9,408 MILLION
    * PROPOSED FINAL DIVIDENDS OF HK$0.59 PER SHARE
    * SEES REVENUE GROWTH FUELED BY MAINLAND RETAIL SECTOR AND
CONTRIBUTIONS FROM NEW PROPERTIES
    * SEES MAINLAND PORTFOLIO WILL CONTINUE TO BE BENEFITTED
FROM
REPATRIATION OF LUXURY SPENDING
    * "DEPENDING ON MARKET CONDITIONS, WE WILL CONTINUE TO SELL
DOWN
RESIDENTIAL UNITS IN HONG KONG"
    * ON MAINLAND, LUXURIOUS SERVICED APARTMENTS IN FOUR
MIXED-USE
PROJECTS ARE INTENDED FOR SALE
    * DEPENDING ON MARKET CONDITIONS, WILL LOOK AT DISPOSAL OF
NON-CORE PROPERTIES

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3q0xMZ
Further company coverage:  0101.HK 

 ((Reuters.Briefs@thomsonreuters.com;))