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Chinney Inv(00216)sees FY18 profit rise over 3x
13 Jun 2018
(Infocast News) Chinney Investments, Limited (00216)said that, based on a preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record an increase in net profit attributable to owners of the Company for the year ended 31 March 2018 by over three times compared to that of last year. Such increase in profit was mainly attributable to the profit recognition by our 68.09% owned Hon Kwok Land Investment Company, Limited (Stock code: 160) in relation to its gain on disposal of a bare site in Guangzhou, PRC resulted from completion of the related sale and purchase agreement in September 2017.

(SY)
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