Brief: Tern Properties Sees Significant FY Loss Before Taxation Of About Hk$523 Mln
22/05/2020 11:06
May 22 (Reuters) - Tern Properties Co Ltd 0277.HK :
* TERN PROPERTIES CO LTD SEES SIGNIFICANT LOSS BEFORE
TAXATION OF
ABOUT HK$523 MILLION FOR YEAR
* EXPECTED RESULT DUE TO SIGNIFICANT DECREASE IN FAIR VALUE
OF
INVESTMENT PROPERTIES OF GROUP BY ABOUT HK$543 MILLION
* EXPECTED REUSLT DUE TO SIGNIFICANT DECREASE IN FAIR VALUE
OF
INVESTMENT PROPERTIES OF GROUP
* TERN PROPERTIES SEES LOSS BEFORE TAXATION OF ABOUT HK$523
MILLION FOR YEAR VERSUS PROFIT BEFORE TAXATION OF ABOUT HK$35
MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS6yTMqD
Further company coverage: 0277.HK
((Reuters.Briefs@thomsonreuters.com;))
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