HK Stock Market Move | SHK PPT (00016) rose by over 5% to reach a new high, with mid-term net profit increasing by 36.21% to 10.247 billion Hong Kong dollars.

SHK PPT (00016) rose more than 5%, hitting a new historical high, with a cumulative increase of over 50% for the year. As of the time of writing, it rose 4.92%, closing at 143 Hong Kong dollars, with a turnover of 4.37 billion Hong Kong dollars. On the news front, SHK PPT announced its interim performance as of the end of December last year, with revenue of 52.705 billion Hong Kong dollars, an increase of 32% year-on-year; net profit of 10.247 billion Hong Kong dollars, an increase of 36.2% year-on-year; earnings per share of 3.54 Hong Kong dollars, and planned to distribute an interim dividend of 0.98 Hong Kong dollars per share. During the period, excluding the impact of fair value changes of investment properties, the basic profit attributable to the company's shareholders was 12.213 billion Hong Kong dollars, an increase of 16.7% year-on-year; the profit from property sales was 4.885 billion Hong Kong dollars, a year-on-year increase of 94.9%.