Brief: Debao Property Development Says Qtrly Revenue RMB16.8 Mln

Debao Property Development

27/03/2020 10:10

March 27 (Reuters) - Debao Property Development Ltd
 DPDL.SI :
    * QTRLY REVENUE RMB16.8 MILLION VERSUS RMB34.9 MILLION
    * EXPECTS TO FACE SHORT TERM MACRO HEADWINDS AND FORESEES
ITS
RESULTS IN 2020 TO BE IMPACTED BY NOVEL CORONAVIRUS
    * Q4 LOSS ATTRIBUTABLE RMB123.3 MILLION VERSUS LOSS OF
RMB106.6
MILLION
    * CONTRIBUTIONS FROM PROPERTY DEVELOPMENT BUSINESS IN PRC
AND
MALAYSIA EXPECTED TO BE LOWER AS A RESULT OF COVID-19
    * CONTRIBUTIONS FROM PROPERTY DEVELOPMENT BUSINESS IN PRC,
MALAYSIA EXPECTED TO BE LOWER DUE TO DELAYS IN SALES COMPLETIONS
    * FORECASTS THAT COVID-19 OUTBREAK WILL CONTINUE TO IMPACT
BUSINESS
    * GROUP'S PERFORMANCE TO-DATE IN 2020 ALREADY AFFECTED BY
COVID-19

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ2p5N9T
Further company coverage:  DPDL.SI 

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