Hong Kong's Henderson Land hits over 6-1/2-year low as H1 profit falls

Henderson Land Development Co

24/08/2022 04:28

** Henderson Land Development Co's  0012.HK  shares fall as
much as 4.6% to HK$26, their lowest since Jan 2016
    ** The Hong Kong property developer says H1 underlying
profit was HK$5.1 bln ($650.14 mln), 34% lower than a year ago
 urn:newsml:reuters.com:*:nFWN2ZY2J1
    ** The drop was due to a higher base resulted from a HK$1.9
bln fair value gain in 2021
    ** Net profit was HK$4.8 bln, down 27% yoy
    ** Hang Seng Index  .HIS  eases 1.4% 

($1 = 7.8445 Hong Kong dollars)

 ((Clare.jim@tr.com))