Cheung Kong Property's 2015 core profit up 29 pct

March 17, 2016 8:45 AM

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HONG KONG, March 17 Cheung Kong Property Holdings Ltd, Hong Kong's second-biggest developer that is controlled by Asia's richest man Li Ka-shing, said its core profit rose 29 percent last year.

The company's core profit, which excludes revaluation gains, was HK$15.6 billion ($2.01 billion) for the twelve months ended Dec. 31. Net profit during the period was flat at HK$17.1 billion, as gains from investment property revaluation declined.

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