Henderson Land shares jump to more than 2-month high after H1 profit soars

Henderson Land shares surged to a two-month high on Friday, climbing 7.4% to HK$30.26 as the property developer unveiled a substantial increase in first-half underlying profit. The Hong Kong firm reported underlying profit attributable to the company for the six months to June 30 of HK$5.07 billion, a 66% rise year-over-year. Reported profit also jumped 41% to HK$4.09 billion, even after a HK$981 million fair-value loss.

The standout contributor was Hong Kong property development, with Hong Kong property development revenue surging 212% to around HK$11.88 billion and pretax profit reaching HK$3.3 billion. This included a significant HK$1.57 billion gain from the government's renewed provision of certain land lots in the New Territories. Henderson Land maintained its interim dividend at HK$0.50 per share.

The company has announced plans to launch eight Hong Kong development projects for sale in the second half of 2026, providing a substantial pipeline of new homes that could bolster sales throughout the year.