Excluding net non-trading gains, underlying profit attributable to shareholders fell 6% to US$848 million.
SINGAPORE (March 2): Hongkong Land, a member of the Jardine Matheson group, reported a 66% rise in FY16 earnings to $3.3 billion from a year ago.
This was due to higher net non-trading gains of US$2.5 billion recorded on the revaluation of the group’s investment property.
