Property News · February 21, 2019

Hong Kong property developer Chinese Estates Holdings says full-year profit to tumble by as much as 78 per cent


Hong Kong property developer Chinese Estates Holdings said on Wednesday it expected a drop as much as 78 per cent in its full-year net profit for 2018, which it said was down to poor sales performance and losses on investments.The net profit attributable to its shareholders will drop by between 68 per cent and 78 per cent from the HK$3.7 billion (US$471.41 million) in gains reported in 2017, according to a company filing with the Hong Kong stock exchange ahead of its annual results release…

Source : South China Morning Post
Read more…Hong Kong property developer Chinese Estates Holdings says full-year profit to tumble by as much as 78 per cent

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