HK's Sino Land hits 3-week high; plans special dividend after strong H1

Sino Land

01/03/2018 02:13

** Shares of property developer Sino Land Co Ltd  0083.HK 
rise 3.3 pct in early trade to HK$14.30, the highest since Feb.
5 
    ** The real estate firm says its first half profit jumped to
HK$10.37 billion, from HK$3.44 billion a year ago, thanks to
gains from property sales and revaluation of investment
properties  urn:newsml:reuters.com:*:nFWN1QI0GN
    ** Company declares a total dividend of HK$0.58 per share,
including an interim dividend of HK$0.13 and a special dividend
of HK$0.45 per share for the July-December period. That compared
with HK$0.13 dividend the same period a year ago  
    ** As of 0203 GMT, about 1.92 million shares of the Hong
Kong-based company have been traded, compared with their 30-day
moving average of 5.08 million shares a day
    ** Hong Kong benchmark index  .HSI  down 0.2 pct

 (Reuters Messaging: donny.kwok.reuters.com@reuters.net)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470;))