[ET Net News Agency, 21 January 2020] Planetree International Development Limited
(00613) said the group is expected to record a profit attributable to shareholders for the
year ended 31 December 2019 (the FY2019) in the amount of approximately HK$47 million as
compared to a profit of approximately HK$109 million for the year ended 31 December 2018.
This represents a drop in profit by approximately 57%.
The decrease is primarily attributable to (i) the decline in the group's income from
investments held for proprietary trading and other business operations (a drop by
approximately HK$9 million year-on-year); (ii) no more share of profit of an associate
(approximately HK$28 million in the corresponding period last year) after the company's
distribution of the shares in the associate to the shareholders in Quarter 4 of 2018; and
(iii) no expectation of having a property valuation gain comparable to that recorded in
the corresponding period last year (approximately HK$25 million in the corresponding
period last year). (RC)
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00613 PLANETREE INT'L
Nominal 
0.215 0.000 (0.000%) Others
21/01/2020 15:02
Planetree Int'l (00613) expects 57% decrease in year net
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