2018年12月11日星期二
 
專家論市
Martin Hennecke

Chinese Estates may incur interim net loss
 
09/08/2018
 
Chinese Estates (0127) has warned that it might incur a net loss of between HK$345 million and HK$382 million in the first half of this year from a year earlier due mainly to its investment in China Evergrande Group (3333).

It said it is likely to incur an expense of HK$6.2 billion, including about HK$5.9 billion in unrealized loss on fair value change of China Evergrande.

In the first half of last year, the company made a net profit of HK$2.56 billion. Its share price yesterday closed at HK$25.20, down from HK$25.50 on Tuesday.

Meanwhile, Langham Hospitality (1270) said interim distribution per share stapled unit fell by 12.6 percent from 10.3 HK cents last year to 9 HK cents in the first half of this year.

Total distributable income in the first half fell 9.8 percent to HK$189 million from HK$209.6 million a year earlier.

Revenue increased 2.2 percent year-on-year to HK$761 million.

While there was strong growth in revenue in the first half at The Langham Hong Kong and Cordis Hong Kong, most of the revenue gain has been offset by reduced revenue at Eaton Hong Kong as it underwent renovations throughout the first half of this year.

Langham Hospitality said its hotel portfolio has a gross value of HK$20 billion, up 6.6 percent from a year earlier.

上一篇新聞 : Silver Bond wins more hearts
 

 

 
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