SHKP posts 4.6% profit rise amid Hong Kongโs property recovery
Sun Hung Kai Properties (SHKP), Hong Kongโs biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. โFor the year under review, Hong...