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00278 WAH HA REALTY
RTNominal unchange3.950 0.000 (0.000%)
Others

19/04/2021 17:13

Wah Ha Realty (00278) expects to record year profit

[ET Net News Agency, 19 April 2021] Wah Ha Realty Company Limited (00278) said for the
year ended 31 March 2021 (YR 2021), the group is expected to record a profit of about HK$3
million, as compared to a loss of HK$49 million for the year ended 31 March 2020 (YR
2020).
It was primarily due to (i) a considerable reduction in the aggregate fair value losses
arising from revaluations of the investment properties of the group and its associated
companies as compared to that for YR 2020 and (ii) an exchange gain arising from the
appreciation of Renminbi for YR 2021 as compared to an exchange loss for YR 2020,
nothwithstanding that there were declines in rental income and interest income as well as
the absence of realized profit from the sale of properties for YR 2021. (RC)

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