Sino Land Profit Jumps 14% to HK$4.59 Billion, Despite Core Earnings Decline
Sino Land reported a 14% rise in annual profit to HK$4.59 billion driven by narrowing property losses, while underlying earnings dropped 6.4%. Rental revenue fell slightly as high travel rates and e-commerce growth hindered traditional retail recovery.
Sino Land's annual profit rose 14 percent, reaching HK$4.59 billion (US$585 million), as losses from revaluating investment properties narrowed to HK$192 million from HK$1.08 billion the previous year. The company reported that this financial improvement was primarily due to a reduction in valuation adjustments rather than improved core business performance. Underlying profit, which excludes these specific gains, fell 6.4 percent to HK$4.79 billion. Gross rental revenue attributable to the group dropped 1.5 percent to HK$3.43 billion. Occupancy rates in shopping malls increased slightly to 90 percent from 89.6 percent annually. Sino attributed the stagnation in rental income growth to persistently high outbound travel rates during local holidays and a continued surge in e-commerce that outpaced traditional retail sales recovery since May 2025.
