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RTNominal down20.500 -0.150 (-0.726%)

09/07/2020 17:10

Kerry PPT (00683) sees 70-75% decrease in interim net

[ET Net News Agency, 9 July 2020] Kerry Properties Limited (00683) said it expects that
there will be a substantial decrease, between 70% and 75%, in profit attributable to its
shareholders for the six months ended 30 June 2020, as compared to the same period in
The board expects a lower contribution from sales from the group's development
properties; significantly reduced income from the hotel assets held by the group in the
first six months of 2020 as compared to that of the first six months of 2019; and the
absence of revaluation gains for the group as compared to a net gain of HK$452 million
during the same period in 2019. This decrease principally reflects the effect of the
adverse market conditions created by the unprecedented COVID-19 pandemic and associated
quarantine and social protective measures put in place in Hong Kong and mainland China.

Remark: Real time quote last updated: 21/09/2020 12:07
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