Soho China (0410) said net profit tumbled by 64 percent year-on-year in the first half to 204 million yuan (HK$228.9 million). The rental income fell by 12 percent to 782 million yuan. As of the end June, the average occupancy rate of stable investment properties was around 78 percent, down by 12 percentage points. Valuation gains on investment properties were nil, mainly due to the absence of projects under development. Valuation gains on investment properties were 553 million yuan in the same period of 2019.

Source: The Standard August 21, 2020 06:33 UTC