[ET Net News Agency, 15 November 2019] Hongkong Chinese Limited (00655) said the group
is likely to record a share of profit of joint ventures of not less than HK$200 million
for the six months ended 30 September 2019 (the period), as compared to a share of loss of
HK$112 million for the six months ended 30 September 2018 (the 2018 period).
The share of profit of joint ventures mainly resulted from the gain on disposal of
interests in an associate by a joint venture, higher contribution from equity-accounted
investees of the joint ventures and partially offset by the fair value loss on investment
properties of the joint ventures during the period.
Accordingly, the group is likely to record a profit attributable to equity holders of
the company of not less than HK$200 million for the period as compared to a loss of HK$126
million for the 2018 period. (KL)
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15/11/2019 14:44
Hongkong Chinese (00655) expects interim profit of HK$200m
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