The company's bottom line was weighed down by provisions made for its businesses in China. If excluded, Hongkong Land's underlying profit would be US$320 million, up 11% y-o-y.
Hongkong Land has reported earnings of US$221 million for 1HFY2025 ended June, reversing from the year-earlier loss of US$833 million.
Underlying earnings attributable to shareholders, which the company says is a more accurate measure of its ongoing business performance, was US$297 million in the same period, versus marginal red ink of US$7 million.
