Sun Hung Kai Properties H1 underlying profit falls 1.9 pct, beats estimates
HONG KONG Feb 28 (Reuters) - Sun Hung Kai Properties Ltd , the world's second-largest property company by market value, posted an underlying profit of HK$11.5 billion ($1.5 billion) for the fiscal first half, beating analysts' estimates.
A Reuters poll of four analysts had forecast an underlying profit of HK$10.64 billion for the fiscal first half ended December.
The results were 1.9 percent lower compared to a year earlier, when the company booked an underlying profit of HK$11.8 billion.
Sun Hung Kai, whose billionaire co-chairmen are facing charges in an alleged bribery case in Hong Kong, reported its best ever underlying profit of HK$21.7 billion for the 2012 fiscal year that ended in June. (Reporting by Yimou Lee; Editing by Jeremy Laurence)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Doctor with Ebola in New York hospital after return from Guinea |
- New York police officer critically wounded in hatchet attack
- Exclusive: Charred tanks in Ukraine point to Russian involvement
- Ground offensive against Islamic State months away in Iraq: U.S.