K. Wah International's H1 Profit Falls on Lower Revenue; Shares Slide 6%
MT Newswires Live
Aug 21
K. Wah International (HKG:0173) booked a profit attributable to equity holders of HK$113.9 million for the first half, down from HK$153.8 million a year earlier, according to a Thursday Hong Kong bourse filing.
Earnings per share came in at HK$0.0361, compared with HK$0.0491 a year ago.
Revenue of the property developer declined to HK$1.05 billion from HK$1.21 billion in the prior-year period.
The board declared an interim dividend of HK$0.02 per share.
Shares of the property developer lost nearly 6% in Thursday's afternoon trade.
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