[ET Net News Agency, 7 July 2020] MTR Corporation Limited (00066) said the board
expects the group to report a net loss attributable to shareholders of the company of
around HK$0.4 billion (representing the midpoint of the estimated loss range of between
HK$0.2 billion and HK$0.7 billion) for the six months ended 30 June 2020, compared to a
net profit attributable to shareholders of the company of HK$5.5 billion for the same
period in 2019.
The expected net loss is mainly due to (i) the significant adverse impact of the
COVID-19 pandemic and the deterioration of the general economic environment on the group's
recurrent businesses and (ii) the revaluation loss on the group's investment property
portfolio which is expected to be around HK$6.0 billion for the six months ended 30 June
2020 due to the adverse impact of the COVID-19 pandemic and the deterioration of the
general economic environment. (RC)