[ET Net News Agency, 24 June 2020] Poly Property Group Co., Limited (00119) said the
group is expected to record a decrease in net profit attributable to owners of the company
in range from 75% to 85% for the six months ending 30 June 2020, as compared to HK$3.74
billion for the corresponding period in 2019.
Such decrease is mainly attributable to the recognition of profit of a development
project in Hong Kong in 2019 upon delivery of properties to customers in the first half
year of 2019.
If the net profit for the six months ended 30 June 2019 is adjusted for the revenue
recognised from the delivery of the development project in Hong Kong, the expected net
profit attributable to owners of the company for the six months ending 30 June 2020 as
compared with the corresponding period in 2019 will decrease by not more than 30%, which
is mainly due to the increase in currency exchange loss as a result of fluctuation of
currency exchange. (RC)
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00119 POLY PROPERTY
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1.180 +0.010 (+0.855%) Others
24/06/2020 17:45
Poly Property (00119) sees decrease in interim net
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