Shenzhen International Expects Up to 600% Profit Jump in H1

MT Newswires Live07-31

Shenzhen International Holdings (HKG:0152) expects a profit attributable to shareholders of about HK$550 million to HK$650 million for the six months ended June 30, an increase of about 500% to 600% compared with the profit of HK$92.05 million in the prior year.

The company attributed the hike in profitability to the successful transfer of the SZI Logistics Hub (Hangzhou Phase I) and SZI Logistics Hub (Guizhou Longli) to infrastructure public REITs. The company also reduced costs through better local and foreign currency structure.

The toll road business company plans to publish results in August.

Price (HKD): $6.26, Change: $+0.02, Percent Change: +0.32%

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