Author: hubertkneebone

HKC (Holdings) Limited (“HKC” or the “Company”; stock code: 190) has announced the consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2020 (“Period Under Review”). Financial Review During the Period Under Review, turnover amounted to HK$1,184.0 million (2019: HK$1,036.9 million), and gross profit amounted to HK$662.2 million (2019:HK$682.4 million). Due to reduced higher-margin leasing revenues, gross profit margins dropped to 56% from 66% in 2019. The Group was also negatively impacted by a HK$98.4 million revaluation loss on its investment properties. This marks a reversal of the HK$91.9 million in gains ... Read more