Sino Land said its unaudited underlying net profit for the six months to December fell about 45 per cent, mainly owing to a lack of development profits and the high earnings achieved a year earlier.
Sino Group is one of the largest property companies in Hong Kong, and also has significant operations in Singapore where a sister company is a major property developer. The group has private holding companies owned by the Ng family, and three publicly listed companies: Tsim Sha Tsui Properties, Sino Land Co, Sino Hotels (Holdings). Yeo Hiap Seng, another sister company, specialises in food and beverages in Asia.
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