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2002-3-28 08:44:00 a.m. HKT, XFNA
Tai Sang FY Hong Kong property rental sales in 121.5 mln hkd vs 126.5
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HONG KONG (AFX-ASIA) - Tai Sang Land Development Ltd said it generated
121.5 mln hkd from property rental sales in Hong Kong for 2001, compared to
126.5 mln a year earlier.
In a statement, it said property sales in the city amounted to 6.6 mln
hkd during the period, up from 1.5 mln in 2000, while property related
services in the same area contributed 9.6 mln to sales, unchanged from
previous reporting period.
Tai Sang said the property market in Hong Kong is likely to remain poor
and uninspired in the near term in light of the global economic downturn.
In North America, Tai Sang registered sales of 62.3 mln hkd from property
rental in 2001, compared to 54.7 mln a year earlier.
Tai Sang reported a net profit of 50.5 mln hkd in 2001, compared with 85.
5 mln a year earlier. Sales amounted to 202.4 mln, against 256.7 mln.
st/lmf
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