HK Builder C C Land Expects 1H Net Loss of HK$40m Vs. Profit Y/y

Developer C C Land expects to record a loss in the region of HK$40 million ($5.1 million) attributable to its shareholders for the six months ended June 30, according to an HKEX filing.

• The loss is compared to a profit of HK$91 million year ago period
• The loss primarily attributable to the decrease in contribution from the group’s joint venture investments and the decrease in fair value gains on the revaluations of investment properties in the UK

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Twinnie Siu in Hong Kong at tsiu22@bloomberg.net

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