Business Services Industry
Guangdong Investment's profit increased 44% in the first half.
Australasian Business Intelligence, September, 2003
Sep 22, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
Guangdong Investment is the investment unit of China's Guangdong provincial government. It is listed in Hong Kong. The firm has disclosed a 44 per cent increase its net profit for the June 2003 half-year, to $HK320.1 million ($US41 million). Sales dropped by 25 per cent during the period, while total finance costs fell by 47 per cent. The sale of some of the company's assets to its parent group for $HK1.45 billion produced a $HK3.7 million loss. Guangdong Investment's real estate investment division performed strongly during the period. Its operating profits rose by 61 per cent.
Publication Date: 19 September 2003
GUANGDONG INVESTMENT LIMITED
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