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Portfolio valuation, Covid impact leads to Hongkong Land's US$1.8b H1 net loss

PROPERTY developer and investment company Hongkong Land on Wednesday announced that it made a net loss of US$1.8 billion in its first half ended June 30, compared to a net profit of US$411 million a year ago.

This was mainly due to net non-cash losses of US$2.18 billion arising from the...

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