Brief: S E A Holdings HY net profit HK$793.9 mln

S E A Holdings

29/08/2016 12:39

Aug 29 (Reuters) - S E A Holdings Ltd  0251.HK : 
 
 * Sea holdings-announcement of interim results for the six months ended 30 June 
2016  0251.HK  
 * HY net profit HK$793.9 million versus HK$273.9 million 
 * Says HY revenue HK$307 million versus HK$317.6 million 
 * Declared an interim dividend of HK5 cents per share for the six months ended 
30 June 2016 
 * Global economic growth is likely to remain modest in near term, with risks 
still towards downside 
 * Geopolitical tensions and the uncertainty about the exit of the UK from the 
EU have also posed additional challenges 
 * Supply of residential units in Hong Kong is rising 
 * China's economic growth held steady in the most recent quarter, with a sign 
that the slowdown in China's economy is stabilizing 
 * In medium term, Hong Kong economy will still likely be affected by 
"challenging and unsteady" external environment 
 * Subsequent to disposal of Dah Sing Financial Centre in May, contribution of 
rental income to group in year 2016 will be significantly reduced 
 * Source text for Eikon  ID:nHKS97MfdF  
 
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