Brief: Goldlion Holdings Says Recommended Final Dividend Of 9.5 HK Cents Per Share

Goldlion Holdings

18/03/2020 10:43

March 18 (Reuters) - Goldlion Holdings Ltd  0533.HK :
    * RECOMMENDED PAYMENT OF A FINAL DIVIDEND OF 9.5 HK CENTS
PER
SHARE
    * FY TURNOVER WAS HK$1.59 BILLION, REPRESENTING A DROP OF
ABOUT 5%
    * CORONAVIRUS OUTBREAK EXPECTED TO AFFECT FINANCIAL RESULTS
OF
GROUP
    * FY PROFIT ATTRIBUTABLE HK$306.0 MILLION VERSUS HK$376.2
MILLION
    * FOR TIME BEING, COVID-19 EPIDEMIC WILL NOT SIGNIFICANTLY
AFFECT
FAIR VALUE OF GROUP'S INVESTMENT PROPERTIES
    * COVID-19 EPIDEMIC WILL NOT SIGNIFICANTLY AFFECT FAIR VALUE
OF
GROUP'S INVESTMENT PROPERTIES FOR TIME BEING
    * GROUP ALSO NOT TO BE OPTIMISTIC FOR PROPERTY INVESTMENT
OPERATION IN H1 2020
    * FOR PROPERTY DEVELOPMENT PROJECT GOLDLION GARDEN IN
MEIXIAN,
CONSTRUCTION WORKS MAY BE DELAYED BY SPREAD OF COVID-19
    * CURRENTLY EXPECT WORKS IN MEIXIAN WILL PROCEED AS PLANNED
& BE
COMPLETED BY AROUND 2022 AS SCHEDULED DESPITE MINOR DELAYS IN
YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7gwq15
Further company coverage:  0533.HK 

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