from new pursuits. The company is betting on a market recovery despite a slump in its earnings and stock price amid Covid-19 curbs and rising interest rates. Henderson’s net profit for the first half of 2022 dropped 27% to HK$4.8 billion from a year earlier on higher construction and financial costs, despite 8% higher revenue. Nevertheless, the company has been expanding both commercial and residential projects to fuel future growth. The founder’s wealth declined $3.9 billion to $30.
Meanwhile, the recent reopening of quarantine-free cross-boundary travel with China has spurred sales of the third phase of One Innovale, its residential project in the city’s New Territories. More than half of its 565 units were snapped up as of January.
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