Tue Jul 23, 2019 08:32
English | 繁體 | 简体
Click here to toggle text size
Town Health (03886) sees 1H profit falling significantly
12 Jul 2019
(Infocast News) Town Health International Medical Group (03886) expects its consolidated profit for the six months ended 30 June 2019 to decrease significantly compared with the HK$61.5 million consolidated profit for the same period in 2018.

Such decrease was mainly attributable to: (a) the absence of reversal of impairment loss in respect of promissory note for the six months ended 30 June 2019 (while reversal of impairment loss of HK$30 million and other receivables of HK$2.3 million was recorded for the six months ended 30 June 2018); (b) a fair value loss of the group's investment properties for the six months ended 30 June 2019 (while a fair value gain of HK$29.8 million of the group's investment properties was recorded for the six months ended 30 June 2018); and (c) the loss arising from the disposal of a centre providing healthcare related services in June 2019, as well as property, plant and equipment of another centre providing healthcare related services being written off during the six months ended 30 June 2019, notwithstanding that the group recorded a significant increase in the profit from the business segment in the provision of medical and dental practices, as well as the provision of hospital management and related services in mainland China during the six months ended 30 June 2019 due to the development of different businesses under Nanyang Xiangrui Hospital Management Advisory Co., Ltd. (南陽祥瑞醫院管理諮詢有限公司), the group's hospital management subsidiary providing comprehensive and professional management services to hospitals managed by the group, as compared with the segment loss of HK$4.8 million for the six months ended 30 June 2018.

(WL)
© Copyright Quamnet. All rights reserved. Republish the contents in whole or in part other than the authorized methods below, Quamnet reserves the right to proceed legal action.
Market Update
A founding member of:
China Tonghai IR:
Sitemap  |  About Us  |  Contact Us  |  Disclaimers     English | 繁體 | 简体  
Tonghai Financial:
China Tonghai International Financial Limited  |  China Tonghai Capital  |  China Tonghai Securities
Oceanwide Financial Management   |  Quamnet
 
Information of TonghaiIR (Investor Relations):
[Hong Kong Listed Company Information] [Financial News] [Announcement Alerts] [Free Delayed Stock Quote] [Chart]
[Hong Kong stock information]

TonghaiIR (Investor Relations) Services:
[Listed Companies Information] [Listed Companies Financial Information] [Listed Companies Announcements]
[Listed Companies Circulars] [Listed Companies News] [Press Releases] [Listed Companies Event Calendar]
[Listed Companies Presentations] [Proxy Forms]

China Tonghai IR (Investor Relations):
[Securities Firms] [Fund Houses] [Venture Capitals] [Financial Public Relations Agencies] [Financial Printers]
Investor Relations Dictionary:
[Listed Companies Result Announcement] [Financial Report] [Interim Report] [Annual General Meeting]
[Extraordinary General Meeting] [Board Meeting] [Annual Report] [Contact Listed Companies Investor Relations]
[Company Information Sheet] [Next Day Disclosure Return] [News Release] [IPO] [Prospectus] [Stock Quote] [Trading Volume]