Meanwhile, Hongkong Land’s underlying profit in the period was higher than the third quarter of 2023, on the back of a higher number of build-to-sell property completions on the Chinese mainland. That said, the results of the group’s Investment properties business were slightly below the same period last year, driven by a weaker contribution from the LANDMARK retail portfolio in Hong Kong, while the CENTRAL office portfolio outperformed the overall market.
In its interim statement for 3QFY2024, Jardine Matheson Holdings (SGX:J36
) says the performance of its portfolio in the quarter was ahead of the same period last year, following stronger performances across all businesses,
JMH’s Astra reported higher net income, with increased earnings from its financial services, heavy equipment and mining, infrastructure and logistics divisions.
