HONG KONG -- Singapore-listed Hongkong Land Holdings, a member of Hong Kong-based conglomerate Jardine Matheson Holdings, saw its net profit drop 9% to $513 million for the first half of this year, the company said Thursday. Higher tax charges pushed down profit despite strong property sales.
Hongkong Land is one of Asia's leading property developers, operating some 800,000 sq. meters of office and retail property in major cities across the region. Its net operating assets exceed $27.7 billion. Jardine Matheson holds a 50% stake in the company.
