Henderson Land posts 66% profit surge after run of strong sales

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Hong Kong's Henderson Land Development reported a 66% increase in interim profit for the first half of the year, driven by a strong run of property sales. The company filed its results with the Hong Kong stock exchange, highlighting robust performance.

Henderson Land Development, one of Hong Kong’s largest developers, reported a 66 per cent rise in its interim profit for the first half of the year following a strong run of property sales, according to its filing with the Hong Kong stock exchange on Thursday. The developer, controlled by the family of its late founder Lee Shau-kee, said its unaudited underlying profit attributable to equity shareholders had reached HK$5.07 billion (US$646 million) for the January to June period, up from HK$2.02...