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Hongkong Land net profit dives on revaluation losses

Singapore

HONGKONG Land Holdings posted a record underlying net profit of US$1.08 billion for the 12 months ended Dec 31, 2019, up 4 per cent from US$1.04 billion in 2018.

Its net profit - which is typically volatile - slumped 92 per cent to US$198 million from US$2.5 billion...