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Hongkong Land Holdings Limited Interim Report 2006
Hamilton, Bermuda: 27 July, 2006 --
Highlights
€¢
Hong Kong office rents and values rise further, though at a slowing pace€¢
Adjusted net asset value per share up 11%€¢
MCL Land becomes a 77%-owned subsidiary€¢
Interim dividend up 50% to US¢3.00 per share"Although rental increases in Hong Kong's commercial market are slowing, the outlook continues to be underpinned by the lack of supply in Central. The continuing positive reversion cycle and our pipeline of development sites will produce further improvements in earnings next year."
Simon Keswick,
Chairman27th July 2006
Full report can be found at:http://www.hkland.com/financial_information/2006/int.pdf