Brief: Shui On Land Sees Net Loss For Six Months

Shui On Land

07/08/2020 11:22

Aug 7 (Reuters) - Shui On Land Ltd  0272.HK :
    * SHUI ON LAND LTD -  EXPECTED TO RECORD A NET LOSS FOR SIX
MONTHS
    * SHUI ON LAND LTD - EXPECTED RESULT DUE TO DELAY IN
CONSTRUCTION
AND HANDOVER OF RESIDENTIAL UNITS TO HOMEBUYERS DUE TO COVID-19
    * SHUI ON LAND LTD- SEES A NET LOSS OF ABOUT RMB1.6 BILLION
IN
LOSS ATTRIBUTABLE FOR 2020 INTERIM
    * SHUI ON LAND LTD -  EXPECTED RESULT DUE TO DECLINE IN FAIR
VALUE
OF INVESTMENT PROPERTIES AND OTHER PROPERTY ASSETS OF ABOUT
RMB1.9 BILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4Ssnjq
Further company coverage:  0272.HK 

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