Brief: Miramar Hotel And Investment Posts Profit Attributable Hk$1,288 Mln For Year
20/03/2020 15:14
March 20 (Reuters) - Miramar Hotel and Investment Co Ltd
0071.HK :
* PROFIT ATTRIBUTABLE DECREASED BY 20.7% TO HK$1,288 MILLION
FOR
YEAR
* FY REVENUE DECREASED BY 4.3% TO HK$3,062 MILLION
* FINAL DIVIDENDS PROPOSED ARE HK34 CENTS PER SHARE
* OUTBREAK OF CORONAVIRUS DISEASE 2019 HAS IMPACTED GROUP'S
OPERATIONS
* ECONOMIC SLOWDOWN DUE TO COVID-19 WILL RESULT IN SUBDUED
RENTAL
YIELD FOR PROPERTY RENTAL BUSINESS
* GROUP'S PROPERTY RENTAL BUSINESS MAY ALSO BE AFFECTED
AGAINST
BACKDROP OF DECLINING RENTAL YIELDS
Further company coverage: 0071.HK
((Reuters.Briefs@thomsonreuters.com;))
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