Hong Kong's Kerry Properties hits near 7-month peak as profit grows

Kerry Properties

21/03/2024 04:40

** Shares of Kerry Properties Ltd  0683.HK  jump as much as
10.5% to HK$14.96, their highest since Sept 4, on track for the
third consecutive session of gain
    ** Stock is the biggest pct gainer in Hang Seng Composite
Index on properties and construction stocks  .HSCIPC  
    ** The Hong Kong-based property developer and investor says
its 2023 net profit up 18% YoY to HK$3.24 bln ($414 mln) while
revenue down 10% YoY to HK$6.35 bln; it maintains final dividend
of HK$0.95 per share
    ** Hang Seng Mainland Properties Index  .HSMPI  surges 3%, 
Hang Seng Composite Index on properties and construction stocks
 .HSCIPC  rises 2.3% and Hang Seng Index  .HSI  adds 1.8%
    ** Stock up 1.4% YTD  


($1 = 7.8204 Hong Kong dollars)

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