Edition:
India

Sun Hung Kai Properties Says FY Profit Attributable HK$44,912 Mln


Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Sun Hung Kai Properties Ltd <0016.HK>::FY PROFIT ATTRIBUTABLE HK$ 44,912 MILLION VERSUS HK$49,951 MILLION.RECOMMENDED PAYMENT OF A FINAL DIVIDEND OF HK$3.70 PER SHARE FOR YEAR ENDED 30 JUNE 2019.FY REVENUE HK$85,302 MILLION VERSUS HK$85,644 MILLION.DESPITE WEAKENING MARKET SENTIMENT, HK RESIDENTIAL MARKET LIKELY TO BE SUPPORTED BY RELATIVELY LOW MORTGAGE RATES.COMMITTED TO CONTRIBUTING FURTHER TO HK'S MEDIUM- AND LONG-TERM ECONOMIC GROWTH.GROUP IS CONFIDENT OF BEING ABLE TO WEATHER CURRENT TOUGH AND CHALLENGING ENVIRONMENT IN HONG KONG.GROUP'S RESULTS ARE LIKELY TO BE UNCERTAIN IN FUTURE YEARS GIVEN CURRENT UNPRECEDENTED CHALLENGING SITUATION IN HONG KONG.GROUP BELIEVES HONG KONG WILL RETURN TO NORMALITY AND CONTINUE TO BE A SAFE, VIBRANT AND ATTRACTIVE INTERNATIONAL CITY.DUE TO INTERNAL CHALLENGES FROM PROPOSED AMENDMENT OF EXTRADITION BILL, HK ECONOMY LIKELY TO REMAIN WEAK IN SHORT TERM.UNCERTAINTIES OF LATE HAVE WEIGHED ON OVERALL LEASING ACTIVITIES AND PERFORMANCE OF GROUP'S PROPERTY INVESTMENT PORTFOLIO.DESPITE CONTINUOUS SINO-US TRADE CONFLICTS, MAINLAND ECONOMY SEEN TO GROW AT REASONABLE RATE ON MONETARY, FISCAL STIMULI.THERE WILL BE EXTRA CONTRIBUTIONS TO RECURRING INCOME FROM NEWLY OPENED OR FUTURE PREMISES. 

Company Quote

116.9
1.5 +1.30%
23 Oct 2019