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Hongkong Land 1HFY2021 US$865 million in the red, on further revaluation losses

The Edge Singapore
The Edge Singapore7/29/2021 6:17 PM GMT+08  • 2 min read
Hongkong Land 1HFY2021 US$865 million in the red, on further revaluation losses
The company is keeping its dividend of 6 US cents per share
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Hongkong Land Holdings is in the red again - as it booked more revaluation losses on its properties.

For 1HFY2021 ended June 30, the landlord reported losses of US$865 million, down from US$1.83 billion in the year earlier.

It booked revaluation losses of some US$1.26 billion, versus US$1.83 billion booked in the same period last year.

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