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00272 SHUI ON LAND
RTNominal up0.670 +0.010 (+1.515%)
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30/07/2021 17:34

Shui On Land (00272) expects to record interim profit

[ET Net News Agency, 30 July 2021] Shui On Land Limited (00272) said it is expected to
record a net profit attributable to the shareholders in the region of approximately
RMB1,000 million for the six months ended 30 June 2021, as compared to the net loss
attributable to the shareholders of RMB1,622 million for the corresponding period in 2020.
It was due to (i) the handover of residential units to buyers of Taipingqiao Lakeville
Phase V and Wuhan Tiandi La Riva II drives the increase in revenue and the group's results
for the 2021 interim period; and (ii) during the 2020 interim period, operations and
performances of investment properties were significantly affected by the outbreak of
COVID-19, resulting in a notable decline in rental and related income. There was no such
negative impact during the 2021 interim period. (RC)

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