Market Overview

New World Development Posts Rise In Profit


New World Development Co. Ltd. (OTC: NDVLY) reported a 29% rise in its net profit for the July-December period.

The Central, Hong Kong-based company's net profit for the period surged to 5.85 billion Hong Kong dollars ($755 million), versus a year-ago profit of HK$4.53 billion.

Its underlying profit rose 5% to HK$4.41 billion.

Its revenue declined 0.7% to HK$26.99 billion in the six months.

New World Development's board declared an interim dividend of HK$0.12 per share.

Posted-In: profitEarnings News


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