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00655 HK CHINESE LTD
RTNominal unchange0.270 0.000 (0.000%)
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25/02/2021 15:28

HK Chinese Ltd (00655) expects to record 9-month loss

[ET Net News Agency, 25 February 2021] Hongkong Chinese Limited (00655) said it is
estimated that the group is likely to record a consolidated loss attributable to equity
holders of the company of not less than HK$800 million for the nine months ended 31
December 2020, as compared to a consolidated profit of approximately HK$425 million for
the year ended 31 March 2020.
The loss was largely due to share of loss of joint ventures (which loss was mainly
attributable to overall net fair value losses on investment properties and impairment
losses on fixed assets) while partially offset by the gain on disposal of a joint venture.
(RC)

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