Wed Feb 19, 2020 11:17
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APPLIED DEV (00519) sees to swing to loss in 1H
14 Feb 2020
(Infocast News) Applied Development (00519) announced that the group may record a loss of HK$105 million for the six months ended 31 December 2019, as compared to the profit of HK$38 million for the six months ended 31 December 2018.

The change was mainly attributable to a decrease in the fair value of the group’s financial assets at fair value through profit or loss from a net gain of HK$67 million in 1H2018 to a net loss of HK$58 million in 1H2019; and (ii) a net decrease in fair value of investment properties of HK$18 million recorded in 1H2019 while no fair value change of investment properties noted for 1H2018.

(WL)
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