Hang Lung Properties profit slumps 46% on lower leasing profits, higher finance costs

Quick Summary:

Company says it faces headwinds in China and Hong Kong.

Rental revenue and tenant sales from its mainland mall portfolio dropped by 3 per cent and 14 per cent, respectively.

Overall rental revenue fell 6 per cent to HK$9.52 billion.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Mainland Portfolio Hong Revenue Cent Year Kong Rental Dropped Fell Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 14:45:20 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 175 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25393453

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