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China Earnings Analysis: 
Kerry Properties Net Up 44%
Author: Trupti Mehta
123jump.com
Last Update: 7:09 AM ET March 17 2010


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Kerry Properties Limited said 2009 sales fell 1.5% to HK$12.9 billion and net profit rose 44% to HK$4.39 billion or HK$3.04 a share.

 
7:10PM Hong Kong, China - Kerry Properties Limited sales fell 1.5% and net profit rose 44%.

Kerry Properties Limited, the property and logistics company said 2009 sales fell 1.5% to HK$12.9 billion from HK$13.1 billion a year ago. Net profit in the year rose 44% to HK$4.39 billion or HK$3.04 per diluted share compared to net profit of HK$3.05 billion or HK$2.13 per share a year ago.

Kerry Properties Limited, in the last one year traded as high as HK$47.05 in October 2009 and as low as HK$15.20 in March 2009. Based on the yesterday’s closing price of HK$38.85 the company has market cap of HK$55.49 billion.
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