Winfull Group (00183) expects significant rise in 1H profit
Winfull Group (00183) said it expects the Group is likely to record a significant increase in net profit for the six months ended 31 December 2017 as compared to that of the corresponding period in 2016. Such expected increase was mainly attributable to an one-off gain derived from the disposal of its 51% equity interest in and all outstanding shareholdings' loan of Plan Link Limited, which holds a development project at Nos. 142-154 Carpenter Road, Kowloon, Hong Kong; and the growth in business revenue from the property investment and trading business as a result of the acquisition of a number of new investment properties and a property held for trading during the year ended 30 June 2017 and for the reporting period.
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