HK-listed Hang Lung Properties climbs after higher H1 net profit

Hang Lung Properties

31/07/2023 08:09

** Shares of Hang Lung Properties  0101.HK  climb 2.3% to
HK$12.26, their highest since July 4, and on track for a third
straight session of gain 
    ** Stock second biggest pct gainer in the Hang Seng Property
Index  .HSNP  
    ** Co says H1 net profit amounted to HK$2.39 bln ($306.43
mln), compared with HK$1.95 bln a year earlier, with underlying
net profit flat at HK$2.23 bln and total revenue down 1% to
HK$5.24 bln   
    ** "Looking ahead, both international and domestic
uncertainties will have vital impacts on our business
operations" - co
    ** The Hang Seng Property Index slips 0.3% and the Hang Seng
Index  .HSI  rises 1.5%, while the Hang Seng Mainland Properties
Index  .HSMPI  eases 0.5%  
    ** As of last close, the stock had fallen 21.5% this year
    
($1 = 7.7995 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))