Jiahua’s profit increased by 1.6 times. Lu Zhihe was cautiously optimistic about the property market

K. Wah International (00173) announced its interim results as of the end of June. During the period, the Group’s contracted sales amounted to approximately 6.4 billion yuan, accounting for 5.31 billion yuan of turnover, and the unrecorded contract sales amounted to approximately 13.6 billion at the end of the period

Yuan is expected to be recorded in the second half of 2019 and in 2020. During the period, the core profit was 1.48 billion yuan, and the profit attributable to shareholders was about 1.53 billion yuan, up 1.64 times, and the earnings per share was 48.82 HK cents. Interim dividend of 6 Hong Kong cents per share.

Kwong International Chairman Lv Zhihe said that the global and Hong Kong political and economic environment in the first half of 2019 brought instability to the Hong Kong property market, but Jiahua sales remained satisfactory

Although the mainland’s control measures continued, the Group recorded satisfactory sales in Shanghai, Nanjing and Guangzhou in the first half of the year. The Group has also invested in a number of new projects in Hong Kong and Shanghai by joint venture or sole proprietorship, supplementing the land bank and being cautiously optimistic about the confidence of the property market.


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