8:10PM Hong Kong, China - Sun Hung Kai Properties Limited revenues fell 12% and net profit rose 1,972%.

Sun Hung Kai Properties Limited, the property developer reported first half revenues fell 12% to HK13.3 billion from HK$15.1 billion a year ago. Net profit in the first half rose 1,972% to HK$14.3 billion or HK$5.59 per diluted share compared to net profit of HK$692 million or HK$0.27 per share a year ago.

Sun Hung Kai Properties Limited, in the last one year traded as high as HK$130.00 in October 2009 and as low as HK$56.00 in March 2009. Based on the yesterday’s closing price of HK$114.40 the company has market cap of HK$293.32 billion.