Brief: Kowloon Development Sees Significant Decrease In Net Profit Attributable From 60% To 70% For Year
05/03/2021 10:12
March 5 (Reuters) - Kowloon Development Co Ltd 0034.HK :
* SEES A SIGNIFICANT DECREASE IN NET PROFIT ATTRIBUTABLE IN
RANGE
OF 60% TO 70% FOR YEAR
* EXPECTED DECREASE IN PROFIT DUE TO DECREASE IN SALES
RECOGNITION
FROM PROPERTY DEVELOPMENT PROJECTS
* SEES CONSIDERABLE DECREASE IN UNDERLYING NET PROFIT
ATTRIBUTABLE
IN RANGE OF 45% TO 55% FOR YEAR
Source text for Eikon: urn:newsml:reuters.com:*:nHKS5pj0WV
Further company coverage: 0034.HK
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