Guoco profit falls 92.6pc

PUBLISHED : Friday, 18 October, 2002, 12:00am
UPDATED : Friday, 18 October, 2002, 12:00am

Guoco Group said net profit for the year to June 30 fell 92.6 per cent to HK$1.58 billion following the sale in April of banking subsidiary Dao Heng Bank. Turnover fell to HK$2.08 billion, from HK$11.9 billion in the preceding year. The final dividend was 70 HK cents per share.