Asiasec Properties Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2019
March 11, 2020 at 04:41 am EDT
Asiasec Properties Limited provided consolidated earnings guidance for the year ended December 31, 2019. For the year, the Group is expected to record a significant decrease in consolidated net profit ranging from 45% to 55% for the year ended 31st December, 2019 as compared to the consolidated net profit for the year ended 31 December, 2018. The decrease in the consolidated net profit were mainly due to (i) a decrease in fair value gain of investment properties of approximately HKD 16 million; and (ii) a decrease in share of profit of associates of approximately HKD 47 million, compared with the year ended 31st December, 2018.