Sun Hung Kai's half-year profit jumps 57% as home sales surge

Shanghai

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.