Business Services Industry

Kerry Properties lifted net 29% in first half.

Australasian Business Intelligence, August, 2002

Aug 14, 2002 (The Asian Wall Street Journal

ABIX via COMTEX) -- Kerry Properties recorded a net profit of $HK363m for the first six months of 2002. The result represents an increase of 29 for the Hong Kong-based real estate developer. The share price of the property developer decreased by 1.4 to $HK7 on 12 August 2002. A 71 increase in net profit from the company's Chinese operations was achieved to $HK154m. Operating profit in China rose by 58 to $HK199.5m. The Hong Kong operations recorded a 67 decrease in profit to $HK19m. Revenue increased by 41 to $HK3.09bn, compared with $HK2.19bn in the same period in 2001.

Publication Date: 13 August 2002

KERRY PROPERTIES LIMITED

By Chan Ka Sing

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