Brief: Road King Infrastructure Posts FY Loss Attributable Of HK$495 Million

Road King Infrastructure

21/03/2023 15:04

March 21 (Reuters) - Road King Infrastructure Ltd
 1098.HK :
    * FY LOSS ATTRIBUTABLE HK$495 MILLION VERSUS PROFIT OF
HK$1,028
MILLION
    * FY REVENUE HK$17.16 BILLION VERSUS HK$24.68 BILLION
    * FOR YEAR PROPERTY SALES (INCLUDING JOINT VENTURE AND
ASSOCIATE
PROJECTS) RMB42,023 MILLION VERSUS RMB52,484 MILLION
    * TO RESERVE CASH FOR LOAN REPAYMENT PURPOSES IN 2023, GROUP
WAS
LESS ACTIVE IN LARGE-SCALE LAND AUCTIONS DURING 2022
    * STAYS CAUTIOUSLY OPTIMISTIC IN REGARDS TO OUTLOOK OF
PROPERTY
BUSINESS DEVELOPMENT
    * IN 2023, GROUP WILL FOCUS ON PROMOTING INCREASE IN TOLL
RATES OF
EXPRESSWAY PROJECTS IN INDONESIA

Source text for Eikon:  ID:nHKS7777mX 
Further company coverage:  1098.HK 

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