Brief: Allied Group says FY profit from continuing operations HK$ 5.08 bln

Allied

27/03/2017 15:15

March 27 (Reuters) - Allied Group Ltd  0373.HK  : 
    * FY profit from continuing operations HK$ 5.08 billion 
versus HK$2.75  billion 
    * "Consumer finance businesses in hong kong are expected to 
remain solid barring any rapid deterioration in economy" 
    * Expected that downturn of property market may happen if 
mortgage interest rates increase substantially in 2017 
    * "Consumer finance businesses in mainland China seem to 
have turned around satisfactorily" 
    * FY revenue HK$4.10 billion versus HK$4.70 billion 
    * Second interim dividend (in lieu of a final dividend) of 
HK$1.85 per share declared 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS106KxX 
Further company coverage:  0373.HK  
 
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