Sun Hung Kai Properties H1 Net Profit Rises 0.5%

Sun Hung Kai Properties Ltd SUHJY reported a 0.5% rise in its net profit for the fiscal first half. Sun Hung Kai Properties' net profit for the period rose to HK$21.13 billion, from HK$21.02 billion, in the year-ago period. Its underlying net profit surged 13% to HK$11.77 billion from HK$10.42 billion. Sun Hung Kai Properties' revenue climbed 16% to HK$36.42 billion from HK$31.51 billion. Sun Hung Kai Properties shares closed at $15.14 yesterday.