Chinese Estate Holdings’ first-half profit was affected by a drop in rental income due to the Covid-19 pandemic. Photo: Handout Chinese Estate Holdings’ first-half profit was affected by a drop in rental income due to the Covid-19 pandemic. Photo: Handout
Chinese Estate Holdings’ first-half profit was affected by a drop in rental income due to the Covid-19 pandemic. Photo: Handout
Business

Chinese Estates sells no property in the first-half, sees net profit hit by Covid-19 as it cuts into rental income

  • Chinese Estates posts a 7 per cent decrease in net profit to HK$785.9 million
  • Rental income fell 19.2 per cent as anchor tenant of UK property surrendered lease in first quarter

Topic |   Hong Kong property
Martin Choi
Martin Choi

Updated: 3:30pm, 13 Aug, 2020

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Chinese Estate Holdings’ first-half profit was affected by a drop in rental income due to the Covid-19 pandemic. Photo: Handout Chinese Estate Holdings’ first-half profit was affected by a drop in rental income due to the Covid-19 pandemic. Photo: Handout
Chinese Estate Holdings’ first-half profit was affected by a drop in rental income due to the Covid-19 pandemic. Photo: Handout
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