Hongkong Land Reports Higher Underlying Profit in Q3 on Build-to-Sell Completions in China

MT Newswires

2024/11/18

Hongkong Land (SGX:H78) booked a "higher" underlying profit during the third quarter of the year versus a year earlier, which it attributed to more build-to-sell completion in China, according to a filing with the Singapore Exchange on Thursday.

The company did not disclose the actual profit figures for the period.

However, it reported that net debt was down to $5.3 billion in Q3 from $5.4 billion at the end of June 2024, with gearing at 17%.

The property developer reported a committed liquidity of $3.2 billion, compared with $3.0 billion at the end of the previous quarter.

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