Sun Hung Kai Properties Ltd (0016.HK)
14 Dec 2017
Mon, Oct 30 2017
HONG KONG, Oct 30 Hong Kong's largest developer Sun Hung Kai Properties on Monday paid HK$5.06 billion ($649 million), well above market estimates, for a site designated for hotel use.
* Says Sun Hung Kai Properties Ltd's unit, Fedder Limited, wins Hong Kong site for HK$5.06 billion ($648.75 million)
* Total sales this yr projected at HK$41 bln vs HK$52.4 bln last yr
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.
* Says it sets sales target at HK$36.0 billion ($4.61 billion) for fiscal 2017-18
* FY profit attributable to co’s shareholders HK$ 41,782 million versus HK$32,666 million