Net profit at New World Development (0017) for the six months to December 31 plunged 24.1 percent to HK$4.35 billion compared to a year earlier.
That was due to lower rental incomes and the lack of substantial disposable income as in 2009.
But underlying profit jumped 30 percent to HK$2.35 billion and an interim dividend of 10 HK cents per share was declared.
Managing director Henry Cheng Kar-shun, saying he is disappointed with the latest budget, urged the government to draw up long-term and
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