trending Market Intelligence /marketintelligence/en/news-insights/trending/Gxk9xSre3gk1MIkxZyDwVw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Hang Lung Properties' FY'19 net profit drops 24% YOY to HK$6.17B

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Hang Lung Properties' FY'19 net profit drops 24% YOY to HK$6.17B

Hang Lung Properties Ltd.'s net profit attributable to shareholders for the year ended Dec. 31, 2019, fell 24% to HK$6.17 billion or HK$1.37 per share, from HK$8.08 billion or HK$1.80 per share in the prior-year period.

The property developer's operating profit amounted to HK$6.49 billion, representing a 5% year-over-year drop from HK$6.82 billion, while its revenue for the comparable period decreased 6% to HK$8.85 billion from HK$9.41 billion.

Despite the decline, Hang Lung's underlying net profit rose 9% to HK$4.47 billion from HK$4.09 billion, according to a Jan. 21 filing.

Including the proposed 99 Hong Kong-cents-per-share dividend for the second half of 2019, the company's total dividend for the financial year reached 76 cents per share, higher by 1% compared to the 75 cents per share paid a year ago.