Hing Kong Holdings has returned to the black for the six- month period to June 30 with a profit of $25.18 million, due to an unrealised gain on securities trading.
The company, the property arm of China Travel Services (Holdings) Hong Kong, incurred a loss of $263.69 million during the same period last year.
The company recorded an exceptional gain of $38.4 million in the first half of this year, against an exceptional loss of $238 million a year earlier.
During the period, exceptional items included a $36.75 million unrealised gain on securities trading and $1.65 million gain on write-back for a decline in the value of property interests.
The company said its share of profit from associates was $3.93 million compared with losses of $52.2 million in the same period last year.
Hing Kong will pay an interim dividend of one cent per share.
No interim dividend was paid a year ago.
