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HK developer Sun Hung Kai's profit falls 20% amid lower sales
Group on track to meet HK$32b full-year sales target despite fewer projects completed in first half: Goldman
Add BT as a preferred sourcePublished Sun, Mar 1, 2015 · 09:50 PM
Hong Kong
SUN Hung Kai Properties Ltd, Hong Kong's second-biggest developer by market value, said first-half underlying earnings sank 20 per cent as the company booked lower home sales.
Profit excluding property revaluation fell to HK$8.46 billion (S$1.49 billion) for the six months ended Dec 31 from HK$10.6 billion a year earlier, the company said in an exchange filing on Friday. That compares with the HK$9.6 billion median estimate of four analysts compiled by Bloomberg News.
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