SHKP posts 4.6% profit rise amid Hong Kong’s property recovery

Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4. 6 per cent to HK$22. 85 billion (US$2.

91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21. 43 billion, backed by a HK$1. 38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing…