Property agency profits rose last year, with commissions surging on the back of the turnaround in Hong Kong's property sector.
Centaline (Holdings) said last year's commissions rose 74 per cent to $2.96 billion, while the company handled a 37 per cent increase in transactions.
'Among the units, Centaline Property Agency was the major contributor with commissions of $1.42 billion, up 68 per cent from 2003,' the company said.
Centaline (Holdings) has a number of units, of which Centaline Property Agency is one of the two biggest agents in Hong Kong.
Another market leader, Midland Realty, which will announce its financial results today, is also expected to report a significant growth in profits.
Ricacorp Properties, another unit owned by Centaline (Holdings), saw a 51 per cent growth in revenues, but no figures were provided.