Shimao Property Holdings Ltd.'s (0813.HK) net profit rose 28% in the first half on higher rental income and property sales.
The real-estate developer said Tuesday that first-half net profit was 3.88 billion yuan ($586.3 million), compared with a net profit of CNY3.03 billion a year earlier.
Revenue rose 19% to CNY35.82 billion from CNY30.02 billion last year. It recommended an interim dividend of 40 Hong Kong cents (5 U.S. cents) a share.
Write to Joanne Chiu at firstname.lastname@example.org
(END) Dow Jones Newswires
August 29, 2017 05:03 ET (09:03 GMT)