Shui On profits 
2019-08-29
Shui On Land Ltd, the flagship property arm of Hong Kong-based Shui On Group, posted steady growth in the first half of 2019 as the company continued its transformation into a commercially focused property company. Profit attributable to shareholders climbed 8 percent year on year to 1.3 billion yuan (US$181 million) during the six-month period, mainly fuelled by a higher gross profit margin which stood at 45 percent between January and June, compared with 27 percent in the same period a year ago. Rental and related income jumped 17 percent to 1.1 billion yuan.
