Brief: Hongkong Land Says FY Underlying Profits Expected To Improve Somewhat Versus 2022

Hongkong Land Holdings

28/07/2023 11:19

July 28 (Reuters) - Hongkong Land Holdings Ltd
 HKLD.SI :
    * FULL-YEAR UNDERLYING PROFITS ARE EXPECTED TO IMPROVE
SOMEWHAT
VERSUS 2022
    * RECOMMENDING AN INTERIM DIVIDEND OF US¢6.00 PER SHARE
    * MODESTLY HIGHER CONTRIBUTIONS FROM INVESTMENT PROPERTIES
ARE
ALSO ANTICIPATED IN FY
    * HY UNDERLYING PROFIT ATTRIBUTABLE $422 MILLION VERSUS $425
MILLION
    * IMPROVED RETAIL TRADING PERFORMANCE EXPECTED TO OFFSET
NEGATIVE
RENTAL REVERSIONS IN HONG KONG IN FY
    * TRADING CONDITIONS ARE LIKELY TO REMAIN CHALLENGING IN A
NUMBER
OF KEY MARKETS FOR REMAINDER OF YEAR
    * HY LOSS ATTRIBUTABLE $333 MILLION VERSUS PROFIT OF $292
MILLION

Source text for Eikon:  ID:nSN3PNCZr 
Further company coverage:  HKLD.SI 

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