Sino Land reports a significant earnings drop but maintains dividend, plans new projects.

Sino Land, a major Hong Kong property developer, reported a 30% drop in earnings to HK$1.82 billion for the first half of 2024, with property sales revenue falling 63%. Despite the dip, the company declared a stable interim dividend of HK$0.15 per share. Sino Land has a land bank of 19.4 million sq ft across Asia and plans to launch five new residential projects in 2025. The company's hotel revenue increased 2.8% to HK$794 million, indicating resilience in its diversified portfolio.