Brief: MTR Corp Says Adverse Impact On Recurrent Businesses May Continue Well Into 2021

MTR

11/03/2021 08:39

March 11 (Reuters) - MTR Corp Ltd  0066.HK :
    * FY NET LOSS ATTRIBUTABLE HK$4,809 MILLION VERSUS PROFIT OF
HK$11,932 MILLION
    * FY REVENUE FROM RECURRENT BUSINESSES HK$42,541 MILLION
VERSUS
HK$54,504 MILLION
    * COVID-19 STILL REMAINS UNCERTAIN AND ADVERSE IMPACT ON
RECURRENT
BUSINESSES MAY CONTINUE WELL INTO 2021
    * FINAL ORDINARY DIVIDEND OF HK$0.98 PER SHARE RECOMMENDED
    * PANDEMIC RESULTED IN A LOWER REVALUATION OF INVESTMENT
PROPERTY
PORTFOLIO
    * STATION COMMERCIAL AND SHOPPING MALL BUSINESSES WILL
CONTINUE TO
FACE CHALLENGES IN RENTALS INTO 2021 AND BEYOND
    * IMPACT OF COVID-19 ON ASSET VALUATION OF OUR INVESTMENT
PROPERTY
PORTFOLIO MAY CONTINUE UNTIL MARKET CONDITIONS ARE STABILISED
    * TUEN MA LINE FULL LINE OPENING EXPECTED TO BE IN Q3 OF
2021

Source text https://bit.ly/3etTsI0
Further company coverage:  0066.HK 

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