Sun Hung Kai's half-year profit jumps 57% as home sales surge
Hong Kong's largest developer expects to complete over three million sq ft of residential projects for sale annually
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SUN Hung Kai Properties, Hong Kong's largest developer by market value, said half-year underlying earnings rose 57 per cent, as sales benefited from a surging home market.
Profit excluding property revaluations climbed to HK$14.6 billion (S$2.65 billion) in the six months ended Dec 31, 2016, compared with HK$9.3 billion a year earlier, the firm said in a statement to the Hong Kong stock exchange on Tuesday.
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