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Hongkong Land posts record profit on fine showing from Hong Kong, Singapore

Published on Mar 6, 2014 6:43 PM

Hongkong Land has posted a 20 per cent rise in underlying net profit to a record US$935 million (S$1.18 billion).

Including the net surplus of US$255 million recorded on property valuations, the bottomline swelled to US$1.19 billion.

This is lower than 2012's profit of US$1.44 billion, which included net valuation gains of US$662 million.

Revenue for the year to Dec 31 soared to US$1.86 million, up from US$1.11 billion in 2012.

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