Latest news for New World Dev Co (OTC:NDVLY) Stock

New World Dev Co

New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.

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NDVLY

New World Development Posts Rise In Profit

NEW WORLD DEV LTD S/ADR by New World Development Co., Ltd.

New World Development Co Ltd

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New World Development Co. Ltd. (OTC: <a class="ticker" href="/stock/ndvly#OTC">NDVLY</a>) 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.

Hong Kong's New World Development warns of huge annual loss amid property slump

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New World Development Co. Ltd. (OTC: <a class="ticker" href="/stock/ndvly#OTC">NDVLY</a>) 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.

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