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China Inv Hold (00132): '18 profit increases to $55M
20 Mar 2019
(Infocast News) China Investments Holdings (00132) expects its profit for the year of 2018 to increase to HK$55 million from HK$27.63 million for 2017.

Notwithstanding that there is a considerable increase in finance cost amounting to HK$60 million, the company recorded compensation and government subsidies received for the development of industrial park in Danzao amounting to HK$75 million and an increase in interest income amounting to HK$17 million, resulting in a substantial increase in the profit for 2018.

(WL)
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