KWIH Announces 2021 Interim Results, Total Attributable Contracted Sales to be Recognised Reaches HK$17.4 Billion
HONG KONG, Aug 24, 2021 - (ACN Newswire via SEAPRWire.com) - K. Wah International Holdings Limited ("KWIH" or "the Group") (stock code: 00173) today announced its unaudited interim results for the six months ended 30 June 2021. KWIH, with a robust yet flexible approach, timely launched premium projects during the period under review and achieved satisfactory sales results. For the six months ended 30 June 2021, the Group's attributable contracted sales amounted to approximately HK$9.6 billion. As at the end of June 2021, total attributable contracted sales yet to be recognised amounted to approximately HK$17.4 billion, which are expected to be accounted for in the second half of 2021 and 2022, underpinning the Group's future profitability. The Group's total attributable revenue during the period under review amounted to approximately HK$3.2 billion, mainly from the property sales of Solaria in Hong Kong, The Palace III and Windermere in Shanghai, J City in Jiangmen and two joint venture projects in Jiaxing and Kunshan, etc. Profit attributable to equity holders amounted to approximately HK$780 million. Underlying profit dropped year-on-year to approximately HK$490 million as fewer ...
