Zall Group looks to profit lift
At last a positive profit projection from a Hong Kong-listed company in the retail industry…
A 15 to 30 per cent increase in net profit for the six months ended June 30 is forecast by Zall Group, an investment holding company that develops, manages and sells retail, consumer and business properties in China.
A preliminary assessment of the group’s accounts leads it to expect the net profit to exceed that for the corresponding period last year.
Its board believes the increase is mainly because of the gain on change in fair value of held-for-trading investments.
Final figures will be released soon.