Hong Kong developer Hysan’s first-half earnings rise 7.4% as project milestones near

AI Summary

Hong Kong developer Hysan reported a 7.4% rise in first-half earnings driven by gains from residential unit sales at its Bamboo Grove project. Revenue remained largely flat, highlighting steady performance amid ongoing project milestones.

Hysan Development, the largest commercial landlord in Hong Kong’s Causeway Bay shopping district, posted an underlying profit of HK$1.11 billion (US$140.19 million) for the first half of 2026, an increase of 7.4 per cent from a year earlier, driven by a realised gain from the sale of residential units at its Bamboo Grove project. Revenue for the six months ended June 30 was largely flat at HK$1.73 billion, a year-on-year drop of 0.1 per cent, according to the company’s filing with the Hong Kong...