Hysan Development Company Limited Provides Earnings Guidance for the Six Months Ending 30 June 2020
June 26, 2020 at 08:06 am EDT
Hysan Development Company Limited provided earnings guidance for the six months ending 30 June 2020. The Company expects that the Company and its subsidiaries (the "Group") may record a loss attributable to owners of the Company for the six months ending 30 June 2020, as compared with a profit for the corresponding period in 2019. Such loss is caused by fair value loss for the period which is expected to be approximately HKD 4 billion upon
revaluation of investment properties due to the adverse economic conditions from the outbreak of COVID-19.