HONG KONG – -Real-estate developer China Resources Land Ltd. (1109.HK) on Wednesday said its first-half net profit fell 33% from a year earlier, dragged lower by weaker property revenue.
Continue Reading Below
The Hong Kong-listed developer said the net profit for the six months ended June 30 fell to 5.11 billion Hong Kong dollars (US$653 million) from HK$7.66 billion; revenue fell 21% to HK$35.26 billion.
The developer declared an interim dividend of 10 Hong Kong cents a share.
Write to Chester Yung at email@example.com
(END) Dow Jones Newswires
August 23, 2017 01:00 ET (05:00 GMT)