Edition:
India

MTR Corp's HY Profit After Investment Property Revaluation Down 5.3%


Thursday, 9 Aug 2018 

Aug 9 (Reuters) - MTR Corp Ltd <0066.HK>::HY PROFIT AFTER INVESTMENT PROPERTY REVALUATION HK$7,083 MILLION DOWN 5.3 PCT.INTERIM ORDINARY DIVIDEND OF HK$0.25 PER SHARE DECLARED.HY REVENUE FROM RECURRENT BUSINESSES HK$26,373 MILLION UP 13.9 PCT.CONTINUED CHALLENGES IN EUROPE EXPECTED.OTHER BUSINESSES OUTSIDE OF HONG KONG SHOULD PERFORM IN LINE WITH EXPECTATIONS.RECENT TRENDS IN STATION COMMERCIAL AND PROPERTY RENTAL BUSINESSES ARE EXPECTED TO CONTINUE.AIM TO TENDER OUT TWO MORE PROPERTY DEVELOPMENT PACKAGES OVER NEXT SIX MONTHS OR SO.EXPECT CONTINUED CHALLENGES IN OUR STOCKHOLM COMMUTER RAIL AND MTR EXPRESS BUSINESSES IN SWEDEN.ARRANGEMENT FOR FUTURE OPERATIONS OF GUANGZHOU-SHENZHEN-HONG KONG HIGH SPEED RAIL IN FINAL STAGE OF NEGOTIATION.EXPECT CONTINUED CHALLENGES IN SOUTH WESTERN RAILWAY FRANCHISE IN UK.