Brief: Wai Kee Holdings Posts Profit For Year Attributable Hk$1.26 Bln
23/03/2020 15:27
March 23 (Reuters) - Wai Kee Holdings Ltd 0610.HK :
* PROFIT FOR YEAR ATTRIBUTABLE HK$1.26 BILLION VERSUS
HK$1.21
BILLION
* FINAL DIVIDEND FOR YEAR ENDED 31ST DEC, 2019 OF HK24.0
CENTS PER
ORDINARY SHARE
* REVENUE FOR YEAR WAS HK$7,904 MILLION VERSUS HK$6,736
MILLION
* TOLL-FREE POLICY FOR ALL TOLL ROADS EXPECTED TO HAVE
ADVERSE
IMPACT ON PERFORMANCE OF ROAD KING'S TOLL ROAD BUSINESS IN 2020
* OUTBREAK OF NOVEL CORONAVIRUS HAS HAD AN IMPACT ON GROUP'S
OPERATIONS
* EXPECTED THAT SUNNYVALE PROJECT WILL PROVIDE PROFIT
CONTRIBUTION
AND CASH DISTRIBUTION TO GROUP IN 2020
Source text for Eikon: ID:nHKSc5rCtg
Further company coverage: 0610.HK
((Reuters.Briefs@thomsonreuters.com;))
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