Henderson Land underlying net profit soars 66 pc to $5.07 bn

Henderson Land Development (0012) reported an underlying net profit of HK$5.07 billion for the first six months of the year, up 66 percent, driven by a substantial increase in profit from local property sales during the period, together with the attributable gain from the government’s resumption of certain land lots in the New Territories. 

The company maintained its interim dividend of HK 50 cents per share. 

After taking into account the fair value loss of HK$981 million, the reported profit rose 41 percent to HK$4.09 billion.

The company’s attributable revenue from property development in Hong Kong amounted to approximately HK$11.88 billion, a substantial increase of 212 percent. 

Including a pre-tax gain of HK$1.57 billion from the government’s resumption of certain lands in the New Territories, the reported profit before taxation from property development in Hong Kong amounted to HK$3.3 billion.

The company revealed plans to launch eight development projects in Hong Kong for sale in the second half of 2026. 

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