 |
|
  |
2007-10-11 02:49:00 p.m. HKT, XFNA
STOCK ALERT - Hong Kong's New World Devt sharply higher on FY net profit surge
|
| |
HONG KONG (XFN-ASIA) - New World Development Co shares were sharply
higher after news that the company's net profit surged to 4.3 bln hkd in the
year ended June from 1.06 bln in the previous fiscal year.
The property firm's earnings jumped as its share of earnings from
associates rose 102 pct to 1.33 bln hkd during the year.
The stock was up 1.15 hkd or 5.09 pct at 23.75.
Its unit New World China was up 0.12 hkd or 1.6 pct at 7.62 after
announcing that its year to June net profit rose 61 pct to 1.19 bln hkd, from
the year-earlier 740.51 mln, on robust performances by its property sales and
property rental divisions.
(1 usd = 7.8 hkd)
roby.lau@xfn.com xfnrl/xfnrc
MMMM
AFN |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
