New World Development underlying profit rises 26 per cent on higher property sales

Major Hong Kong developer New World Development said on Thursday its underlying profit for the 12 months to June rose 26.1 per cent to HK$6.33 billion.

That fell short of a consensus forecast in a Bloomberg survey of nearly HK$6.59 billion.

via Business feed http://www.scmp.com/business/companies/article/1318262/new-world-development-underlying-profit-rises-26-cent-higher