Press ReleaseChuang's China Investments Limited
Post on November 27, 2018
Chuang’s China Records Interim Profit of HKD127 Million Sales of Properties and Rental Income Drive up Revenue by 50%

(Hong Kong, 27 November 2018) – Chuang’s China Investments Limited (“Chuang’s China” or “the Group”) (HKSE: 0298) announced its interim results for the six months ended 30 September 2018 (“the Period under Review”). During the Period under Review, steady development of each business sector contributed to a stable revenue. Revenues of the Group was approximately HK$126.9 million (2017: HK$82.9 million), up approximately 53.1% compared to that of the last corresponding period as a result of the increase in sales of properties in the People’s Republic of China, rental income, and the gain on change in fair value of investment properties mainly derived from the investment properties in Anshan, Changan and the United Kingdom. Profit attributable to equity holders of the Company amounted to HK$94.3 million (2017: HK$96.4 million). Earnings per share was 4.01 HK cents. The Board proposed an interim dividend of HK$1.5 cents per share.

The Company is pleased that MSCI has added the Company as one of the constituent securities of MSCI Micro Cap Hong Kong Index. MSCI Indices are worldwide adopted benchmarks by investors for stocks selection and monitoring. The selected equity must meet the market value, liquidity, and liquidity requirements, which give the indices high reference value. This also represents a strong recognition of Chuang’s China in the capital market.

Mr. Albert Chuang Ka Pun, Managing Director and Executive Director of Chuang’s China, stated “The Group remains cautiously optimistic about the property market in the PRC, and will focus on the marketing of residential project The Esplande, Yip Wong Road, Tuen Mun. The Group will keep monitoring new investment opportunities and further diversify to other businesses with steady income in the PRC and overseas.”

Press ReleaseChuang's China Investments Limited