[ET Net News Agency, 27 July 2020] Fosun International Limited (00656) said for the six
months ended 30 June 2020, the group is expected to record a profit attributable to owners
of the parent in the range of approximately RMB1.8 billion to RMB2.2 billion, as compared
to the profit attributable to owners of the parent of RMB7.61 billion for the
corresponding period in 2019.
The expected decrease is mainly due to (i) the significant negative impact of COVID-19
epidemic on the tourism operations of Fosun Tourism Group, a subsidiary of the company.
Fosun Tourism Group is expected to record a loss attributable to owners of the parent of
approximately RMB850 million to RMB1 billion for the first half of 2020 as compared to the
profit attributable to owners of the parent of approximately RMB490 million for the
corresponding period in 2019; and (ii) certain financial assets of the group have recorded
loss on fair value adjustment as a result of the global financial market decline. (RC)
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00656 FOSUN INTL
Nominal 
4.460 +0.030 (+0.677%) Others
27/07/2020 09:34
Fosun Int'l (00656) sees decrease in interim net
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