Wah Ha Realty Company Limited (00278) said the group is expected to record a loss for the six months ended 30 September 2019 as compared to a profit of HK$96.6 million recorded for the previous corresponding financial period.
Such expected loss was primarily due to (i) a fair value losses arising from revaluations of the investment properties of the group and its associated companies (whereas a fair value gains was recorded for the previous corresponding financial period) and the decline in sales of properties of associated companies for the period.
18/10/2019 17:10
Wah Ha Realty (00278) sees interim net turn to red
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