Hongkong Land full-year profit up 52% on non-trading gains

Singapore

HONGKONG Land Holding's profit attributable to shareholders for the year was US$2,012 million, up 52 per cent compared to US$1,327 million a year ago. This takes into account the net non-trading gains of US$1,107 million recorded principally on property valuations of the group's investment properties; in 2014, net valuation gains came in at US$397 million.

For the full year, underlying profit attributable to shareholders slid 3 per cent, from US$930 million in 2014 to US$905 million.