Brief: Chinese Estates Expects Profit Ranging From HK$802 Mln To HK$887 Mln For Six Months

Chinese Estates Holdings

26/07/2019 09:54

July 26 (Reuters) - Chinese Estates Holdings Ltd  0127.HK :
    * EXPECTS GROUP MAY RECORD PROFIT RANGING FROM HK$802
MILLION TO
HK$887 MILLION FOR SIX MONTHS
    * EXPECTED THAT GROUP MAY RECORD A SUBSTANTIAL DECLINE IN
REVENUE
RANGING FROM 47% TO 57% FOR SIX MONTHS
    * EXPECTED THAT GROUP MAY RECORD A SUBSTANTIAL DECLINE IN
REVENUE
RANGING FROM 47% TO 57% FOR SIX MONTHS
    * GROUP MAY RECORD AN EXPENSE IN OTHER COMPREHENSIVE
EXPENSES OF
ABOUT HK$1.33 BILLION FOR SIX MONTHS
    * SUBSTANTIAL DECLINE IN REVENUE DUE TO NO SALE OF TRADING
PROPERTIES DURING PERIOD

Source text for Eikon:  ID:nHKS1GYxx1 
Further company coverage:  0127.HK 

 ((Reuters.Briefs@thomsonreuters.com;))