[ET Net News Agency, 19 November 2019] AUX International Holdings Limited (02080) said
the group expects to record an increase in profit for the period for the six months ended
30 September 2019 by more than four times as compared with that for the six months ended
30 September 2018.
The increase was mainly attributable to (1) revenue growth of the group's property
management segment; (2) the increase in net exchange gain in respect of the RMB
denominated loan from controlling shareholder as a result of the depreciation of RMB
against Hong Kong dollars; and (3) a gain on disposal of the entire issued share capital
of Asiatic Century Limited, an indirect wholly-owned subsidiary of the company prior to
the completion of the disposal incorporated in Hong Kong with limited liability, of
approximately HK$5 million. (RC)