BUZZ-Hong Kong's Kerry Properties hits near 7-month peak as profit grows

Reuters03-21

** Shares of Kerry Properties Ltd jump as much as 10.5% to HK$14.96, their highest since Sept 4, on track for the third consecutive session of gain

** Stock is the biggest pct gainer in Hang Seng Composite Index on properties and construction stocks

** The Hong Kong-based property developer and investor says its 2023 net profit up 18% YoY to HK$3.24 bln ($414 mln) while revenue down 10% YoY to HK$6.35 bln; it maintains final dividend of HK$0.95 per share

** Hang Seng Mainland Properties Index surges 3%, Hang Seng Composite Index on properties and construction stocks

rises 2.3% and Hang Seng Index adds 1.8%

** Stock up 1.4% YTD

($1 = 7.8204 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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