Sino Harbour's Full-Year Profit to Drop at Least 50%

MT Newswires Live

06/23

Sino Harbour Holdings Group (HKG:1663) expects a decline of 50% or more in profit for the year ended March 31 from 31.4 million yuan a year prior, a Monday Hong Kong bourse filing said.

The property developer attributed the anticipated lower profit mainly to a drop in revenue from sales of properties held for sale on delivery of residential units.

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