Kerry Properties' Attributable Profit Slides 22% in H1

MT Newswires Live

09/05

Kerry Properties (HKG:0683) attributable profit fell 22% to HK$612 million in the first half from HK$788 million in the year-ago period, according to an interim report filed Friday with the Hong Kong bourse.

Earnings per share at the developer declined 22% to HK$0.42 from HK$0.54 in the prior-year period.

Revenue increased 60% year over year to HK$8.06 billion from HK$5.04 billion.

Shares of the company closed 4% higher on Friday.

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