HONG KONG: Kerry Properties Ltd, a Hong Kong-based builder controlled by the family of Malaysian tycoon Robert Kuok, said its first-half profit more than doubled as it sold more apartments and revalued investment properties.
Net income was HK$1.6bil (US$206mil) versus a revised HK$693.8mil a year earlier, the company said in a statement. Sales rose to HK$3.85bil from HK$2.63bil. – Bloomberg
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