EARNINGS : Hongkong Land’s Profit Jumps
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From Times Staff and Wire Service Reports
HONG KONG — The colony’s biggest commercial landlord, Hongkong Land Holdings, reported a 32% jump in first-half profits today, surprising stock analysts and stirring interest in the colony’s flagging stock market.
The company owns the bulk of the best office space in Hong Kong’s bustling central business district.
Hongkong Land Holdings announced earnings of $129.6 million for the six months ended June 30, an unexpectedly big leap from $98.3 million a year earlier.
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