Citic Ltd. (0293.HK) Tuesday reported a 60% rise in net profit in the first half, lifted in part by higher contribution from property operations and revaluation gains.
The Chinese conglomerate, a Hong Kong-listed unit of Chinese state-owned giant Citic Group, said first-half net profit was 32.3 billion Hong Kong dollars (US$4.13 billion), compared with HK$20.18 billion a year earlier.
First-half revenue rose 7.6% to HK$198.06 billion from HK$184.00 billion the previous year. It recommended an interim dividend of HK$0.11 per share, up 10% from a year earlier.
-Write to Joanne Chiu at email@example.com
(END) Dow Jones Newswires
August 29, 2017 00:48 ET (04:48 GMT)