Billionaire businessman Lang Walker has chalked up a 30 per cent lift in what he described as his real estate development company’s core operating business profit to $224 million in the last financial year, after raking in stronger sales, higher rental income and better earnings from hospitality.

Although all those revenue streams performed significantly better in 2023 than the previous year, company accounts show net profit tumbled from $675 million in 2022 to $81 million.