Brief: K Wah International HY net profit up 255 pct to HK$1.90 bln

K Wah International Holdings

22/08/2016 05:03

Aug 22 (Reuters) - K Wah International Holdings Ltd  0173.HK : 
 * HY profit attributable to equity holders increased 255 % to hk$1.90 billion 
 * Interim dividend per share of 5 hk cents was declared. 
 * HY revenue revenue hk$5.54 billion versus hk$2.36 billion 
 * Supply of residential units in Hong Kong is expected to increase in the next 
   few years 
 * The residential market is expected to remain stable" 
 * Small sized units will continue to be the most active segment in the overall 
   market" 
 * For residential market in mainland China, expected that the market will 
   remain solid in the second half of 2016 
 * Business environment in the first half of the year was challenging and will 
   continue to be so in the second hal 
 
* Source text (http://bit.ly/2bvRc3Z) 
* ((Further company coverage:  0173.HK )) 
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