Hongkong Land full-year 2018 earnings rise 9% to US$1.04b

HONGKONG Land, a member of the Jardine Matheson Group, saw full-year earnings rise in 2018, boosted by higher property rents and its property development business in China and Singapore.

The group said its investment properties, which are concentrated in Hong Kong and Singapore and form the largest contributor to the group's earnings, benefited from higher overall average rents. In addition, its development properties saw higher profits in Singapore, while profits from mainland China were steady.

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