[ET Net News Agency, 20 January 2021] MTR Corporation Limited (00066) said the board
expects the group to report a net loss attributable to shareholders of the company of
around HK$4.8 billion (representing the midpoint of the estimated loss range of between
HK$4.6 billion and HK$5.0 billion) for the year ended 31 December 2020, compared to a net
profit attributable to shareholders of the company of HK$11.9 billion for the year ended
31 December 2019.
The expected net loss is mainly due to (i) the significant adverse impact of the
on-going COVID-19 pandemic and the deterioration of the general economic environment on
the group's recurrent businesses in Hong Kong and elsewhere, (ii) the revaluation loss on
the group's investment property portfolio, being a non-cash accounting item, which is
expected to be around HK$9.2 billion for the year ended 31 December 2020, and (iii) a
provision of HK$1.4 billion made by the group in its consolidated profit and loss account
for the year ended 31 December 2020 in respect of the Shatin to Central Link project. (RC)