CRL net profit climbs 19% in H1

HK-listed unit of conglomerate bullish on mainland property market prospects

China Resources Land Ltd, the Hong Kong-listed property flagship of mainland conglomerate China Resources (Holdings) Ltd, is bullish on property market prospects given the assumption that supportive government policies remain.

The group posted a 19.1 percent hike in profit attributable to shareholders, including investment property revaluation gains, to HK$7.68 billion ($991 million) in the first half of 2016.