Brief: Shui On Land Says FY Revenue RMB 10,392 Million
30/03/2020 10:52
March 30 (Reuters) - Shui On Land Ltd 0272.HK :
* FY REVENUE RMB 10,392 MILLION VERSUS RMB 24,841 MILLION
* DEMAND FOR RETAIL PROPERTY HAS BEEN SEVERELY IMPACTED BY
CORONAVIRUS OUTBREAK AT START OF YEAR
* GIVEN WHAT APPEARS TO BE SUCCESSFUL CONTROL OF CORONAVIRUS
OUTBREAK, SEES DRAG ON SHOPPER TRAFFIC & CONSUMER SPENDING TO BE
SHORT-LIVED
* WITH SEVERE SALES DISRUPTIONS IN Q1, NATIONAL HOUSING
TRANSACTIONS BY AREA & SALES REVENUE THIS YEAR WILL INEVITABLY
FALL
Source text for Eikon: ID:nHKS3VvBRT
Further company coverage: 0272.HK
((Reuters.Briefs@thomsonreuters.com;))
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