[ET Net News Agency, 8 March 2021] Kowloon Development Company Limited (00034) said the
group is expected to record a significant decrease in net profit attributable to
shareholders of the company in the range of 60% to 70% for the year ended 31 December 2020
as compared to that of the corresponding period in 2019.
This was mainly due to (1) the decrease in sales recognition from the property
development projects of the group, (2) the decrease in the income from and the amount of
the fair value change on the interests in property development in Macau and (3) the
revaluation changes from investment properties of the group in Hong Kong. (RC)