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00119 POLY PROPERTY
RTNominal up1.270 +0.020 (+1.600%)
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13/02/2018 16:34

Poly Property (00119) sees substantial rise in annual profit

[ET Net News Agency, 13 February 2018] Poly Property (00119) said it expects record a
increase in net profit of not less than 27 times for the financial year ended 31 December
2017, as compared to HK$80.745 million for the previous financial year.
The expected increase is primarily attributable to an increase of the profit margin of
the Group during the year ended 31 December 2017; an increase in currency exchange gain
due to the appreciation of Renminbi during the year ended 31 December 2017; and an
increase in the fair value in respect of the Group's interest in a join venture acquired.
(HL)

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