Brief: Hysan Development Posts HY Reported Profit Of HK$2,783 Million

Hysan Development

13/08/2019 06:19

Aug 13 (Reuters) - Hysan Development Co Ltd  0014.HK :
    * HY TURNOVER HK$2,086 MILLION VERSUS HK$1,912 MILLION
    * HY REPORTED PROFIT HK$2,783 MILLION VERSUS HK$3,013
MILLION
    * FIRST INTERIM DIVIDEND HK 27 CENTS PER SHARE
    * HONG KONG'S ECONOMY IS EXPECTED TO FACE INCREASING
UNCERTAINTIES
IN SECOND HALF OF 2019
    * RECENT SOCIAL CONFLICTS EXPECTED TO FURTHER IMPACT HONG
KONG'S
ECONOMY, IN TERMS OF INVESTMENT DEMAND AND TOURISM
    * VOLATILE MARKET CONDITIONS AND UNCERTAINTIES MAY CREATE
PRESSURE
FOR HYSAN IN SHORT TERM
    * HY HONG KONG'S GENERAL RETAIL SALES DECLINED 2.6% AMID
HEADWINDS
FROM ECONOMIC AND SOCIO-POLITICAL FACTORS
    * GLOBAL ECONOMIC SLOWDOWN AND SINO-U.S. TRADE DISPUTES ARE
LIKELY
TO AFFECT HONG KONG ECONOMY

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS85Sz2C
Further company coverage:  0014.HK 

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