South China Morning PostHong Kong developer Sino Land reports 30% earnings drop, points to full pipeline​Cheryl Arcibal

Major Hong Kong developer Sino Land reported a more than 30 per cent drop in earnings for the first half of its financial year amid a slow pace of recovery in the city’s property sector.The company earned HK$1.82 billion (US$234 million) in the six months ended December 31, according to its financial report on Wednesday, after taking into account a HK$407 million revaluation loss on investment properties. Revenue from property sales fell 63 per cent to HK$2.44 billion from HK$6.63 billion in…

​Major Hong Kong developer Sino Land reported a more than 30 per cent drop in earnings for the first half of its financial year amid a slow pace of recovery in the city’s property sector.The company earned HK$1.82 billion (US$234 million) in the six months ended December 31, according to its financial report on Wednesday, after taking into account a HK$407 million revaluation loss on investment properties. Revenue from property sales fell 63 per cent to HK$2.44 billion from HK$6.63 billion in…   South China Morning Post