RESULTS by medium-sized property companies have been dampened by the property market slump, but most leading real estate groups have enjoyed moderate growth in their annual profits.
Most of the big local property players have announced their year-end or interim financial results, but Sino Land and Sun Kai Properties report their results this week.
Medium-sized companies such as Allied Properties and Paliburg Holdings posted disappointing interim results.
Allied Properties, controlled by Lee Ming Tee, posted a 76.7 per cent decrease to $138.34 million in net profits for the six months ended June 30.
Paliburg Holdings, a subsidiary of Lo Yuk-sui's Century City, reported an 85.4 per cent plunge in interim profits, to $180 million for the first six months of 1995 from $1.23 billion in 1994.
However, most blue-chip property companies sustained steady earnings despite the weak state of the property market.