Brief: MTR Corp Expects FY Underlying Business Profit To Be Less Than A Year Ago

MTR

05/12/2019 09:42

Dec 5 (Reuters) - MTR Corp Ltd  0066.HK :
    * EXPECTS GROUP'S UNDERLYING BUSINESS PROFIT FOR FY ENDING
DEC 31
2019 WILL BE LESS THAN THAT FOR FINANCIAL YEAR ENDED 31 DECEMBER
2018
    * HONG KONG STATION COMMERCIAL BUSINESSES & HONG KONG
PROPERTY
RENTAL BUSINESSES HAVE BEEN ADVERSELY AFFECTED AS A RESULT OF
SOCIAL UNREST
    * CURRENTLY PROPOSES TO MAINTAIN COMPANY'S PRESENT
PROGRESSIVE
ORDINARY DIVIDEND POLICY
    * SEES NEGATIVE FINANCIAL IMPACT OF AROUND HK$1,600 MILLION
IN
AGGREGATE ON NET PROFIT OF GROUP'S HONG KONG RECURRENT
BUSINESSES FOR FY
    * HONG KONG STATION COMMERCIAL BUSINESSES & HONG KONG
PROPERTY
RENTAL BUSINESSES HAVE BEEN ADVERSELY AFFECTED AS A RESULT OF
SOCIAL UNREST

Source text for Eikon:  ID:nHKS3DbPV7 
Further company coverage:  0066.HK 

 ((Reuters.Briefs@thomsonreuters.com;))