Sun Hung Kai H1 underlying profit falls 7.5 pct, in line with estimates

Newswire

HONG KONG, Feb 28 (Reuters) - Sun Hung Kai Properties Ltd , Asia's most valuable developer, posted a 7.5 percent drop in underlying profit for its fiscal first half as it offered steep price cuts to attract buyers after government tightening measures took a toll. Underlying profit for the fiscal first half ending December 2013 totaled HK$10.64 billion ($137.11 billion), down from HK$11.5 billion a year earlier, the developer said in a filing to the Hong Kong stock exchange on ...

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