March 8, 2018 / 9:23 AM / 3 months ago

BRIEF-Hongkong Land Holdings Posts FY Underlying Profit $970 MLN, Up 14%

March 8 (Reuters) - Hongkong Land Holdings Ltd:

* FY UNDERLYING PROFIT $970 MILLION VERSUS $848 MILLION A YEAR AGO

* FY NET PROFIT $5,585 MILLION VERSUS $3,346 MILLION A YEAR AGO

* FY TOTAL REVENUE $‍1,959.8​ MILLION VERSUS $1,993.9 MILLION A YEAR AGO

* GROUP’S INVESTMENT PROPERTY PORTFOLIO IS EXPECTED TO CONTINUE GENERATING STABLE RETURNS IN 2018

* IN DEVELOPMENT PROPERTIES BUSINESS, HIGHER PROFITS ARE EXPECTED FROM MAINLAND CHINA AND SINGAPORE.

* ‍RECOMMENDING A FINAL DIVIDEND OF US¢14.00 PER SHARE​ Source text for Eikon: Further company coverage:

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