Hang Lung

Retail Asia14/08/2019

Hong Kong-headquartered mall operator Hang Lung Properties has overcome the regional economic headwinds to report a solid increase in revenue from its core leasing business. Hang Lung, which owns eight Mainland China shopping centers carrying the 66 brand, along with The Peak Galleria, Fashion Walk and Amoy Plaza in Hong Kong, achieved a 2 percent […]

Retail Asia03/08/2017

Falling rents have hit profits for Hang Lung Properties, which has posted a 4 per cent decline in underlying net profit to HK$3 billion (US$383.9 million) in its first half. Asset-enhancement initiatives in Hong Kong and Shanghai also caused disruption of rental income, but this was for a short term and had been expected. However, […]

Retail Asia29/01/2016

China’s slowing economy has claimed another victim, as Hang Lung Properties reported on Thursday a 56% fall in 2015 net profit from a year ago. The property developer said its net income declined to 5.09 billion Hong Kong dollars ($653 million) for the financial year ended on Dec. 31. Total revenue shrank by 47% to […]

Retail Asia04/08/2015

Hong Kong listed Chinese mall owner Hang Lung Group has reported a three per cent rise in turnover in the first half of 2015. The group said revenue reached HK$4.893 billion, with rental turnover up eight per cent to HK$4.148 billion. Property sales income decreased 17 per cent to HK$745 million due to the sale […]

Tag: Hang Lung

Hang Lung Properties overcomes challenges

Hang Lung profits hit by falling rents

Hang Lung Properties China woes hit developer’s 2015 earnings

Hang Lung posts strong result