Hongkong Land narrows full-year loss

Singapore

HONGKONG Land, a member of the Jardine Matheson Group, narrowed its net loss to US$349.2 million for the year ended Dec 31, from US$2.6 billion a year ago.

The loss included net losses of US$1.3 billion primarily from lower valuations of the group's investment properties. The year before, full-year net loss included a US$3.6 billion reduction in property valuations.