SHRINKING TURNOVER TAKES TOLL ON GUOCO

PUBLISHED : Monday, 24 March, 2003, 12:00am
UPDATED : Monday, 24 March, 2003, 12:00am

Guoco Group, which invests in properties and financial services, reported an annualised 19.3 per cent decline in attributable profit to HK$440.51 million for the six months to December 31 last year. Turnover shrank 20.5 per cent to HK$887.58 million due to smaller contribution of treasury services, property investment, securities and commodities broking and insurance business. However, earnings per share rose 2.3 per cent to HK$1.36 as a result of a buy-back in November last year.


 

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