Brief: Yau Lee Holdings Sees Net Loss For Year Versus Net Profit Last Year
02/06/2020 13:52
June 2 (Reuters) - Yau Lee Holdings Ltd 0406.HK :
* YAU LEE HOLDINGS SEES NET LOSS FOR YEAR VERSUS NET PROFIT
LAST
YEAR
* EXPECTED RESULT DUE TO UNREALISED REVALUATION LOSS OF
GROUP'S
INVESTMENT PROPERTIES IN COMMERCIAL SECTOR
* EXPECTED RESULT ALSO DUE TO SUBSTANTIAL DROP IN HOTEL
BUSINESS
FROM DECLINE IN HONG KONG'S TOURISM INDUSTRY
Source text https://bit.ly/2Mn940y
Further company coverage: 0406.HK
((Reuters.Briefs@thomsonreuters.com;))
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