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United States

Sun Hung Kai Properties Ltd (0016.HK)

0016.HK on Hong Kong Stock

134.20HKD
19 Sep 2017
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Thu, Sep 14 2017

UPDATE 1-Hong Kong's Sun Hung Kai Properties expects sales to slow after record year

* Total sales this yr projected at HK$41 bln vs HK$52.4 bln last yr

CORRECTED-Hong Kong's Sun Hung Kai Properties FY underlying profit rises 7.43 percent

HONG KONG, Sept 14 Sun Hung Kai Properties Ltd , Hong Kong's largest developer by market value, on Thursday posted a full-year underlying profit of HK$25.97 billion ($3.32 billion), in line with estimates, thanks to robust sales in one of the world's most expensive property markets.

BRIEF-Sun Hung Kai Properties sets sales target at HK$36 bln for fiscal 2017-18

* Says it sets sales target at HK$36.0 billion ($4.61 billion) for fiscal 2017-18

BRIEF-Sun Hung Kai Properties posts FY underlying profit attributable of HK$ 25,965 million

* FY profit attributable to co’s shareholders HK$ ‍41,782​ million versus HK$32,666 million

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