Kerry Properties reports 67% jump in profit.

Australasian Business Intelligence, March, 2003

Mar 05, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

Kerry Properties is a Hong Kong real estate developer and logistics business. In March 2003, the company reported that its net profit rose by 67 for 2002. Full-year revenue was lifted by 2.4 to $HK5.16 billion, from $HK5.04 billion. The company's net profit rose to $HK660 million ($US84.6 million). It reported that the reasons for the increased profit included lower financing costs and smaller write-downs in the value of its Hong Kong real estate ventures. The company noted that its logistics business is starting to see strong growth.

Publication Date: 4 March 2003

KERRY PROPERTIES LIMITED 

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