PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED
Pacific Century Premium Developments Limited
reports HK$112 million loss for six months ended June 30, 2015
Hong Kong - August 5, 2015
Interim financial highlights
(Figures for the corresponding period in 2014 are shown in brackets)
Consolidated turnover from continuing operations - HK$99 million (HK$103 million) Consolidated operating loss from continuing operations - HK$114 million (loss：
HK$151 million)
Consolidated loss from continuing operations - HK$112 million (loss: HK$212 million) Basic loss per share - 7.08 HK cents per share (loss: 13.40 HK cents per share)
Did not declare interim dividend (Nil)
Pacific Century Premium Developments Limited ("PCPD", SEHK: 00432), a majority-owned subsidiary of PCCW Limited (SEHK: 00008), today announced its interim results for the six months ended June 30, 2015.
During the period under review, the consolidated turnover of PCPD and its subsidiaries (collectively the "Group") from its continuing operations amounted to approximately HK$99 million, as compared to HK$103 million for the corresponding period of 2014.
For the six months ended June 30, 2015, the Group's consolidated loss attributable to equity holders of the Company from its continuing operations amounted to approximately HK$112 million, as compared to net loss of HK$212 million for the corresponding period of 2014. Basic loss per share were 7.08 HK cents, as compared to a loss of 13.40 HK cents per share for the corresponding period of 2014.
The Board of Directors did not declare the payment of an interim dividend for the six months ended June 30, 2015.
Mr Robert Lee, PCPD's Deputy Chairman and Chief Executive Officer, said that the Group's project in Jakarta, Indonesia is proceeding well. After the completion of the foundation and the basement wall, two basement levels have been constructed and other levels will proceed as planned. The aim is to construct a Premium Grade A office building that meets some of the highest international standards in environmental protection and sustainable development. PCPD is confident that the building will start its operations in 2017.
Mr. Lee continued: "The Group has learnt that a number of corporations are interested in renting office space here. We have signed a letter of intent with an international banking group. "
"As for PCPD's other projects, the management considers that it is time to gear up the Hokkaido resort project in Japan. The Group has signed a letter of intent with a 5-star hotel management group as part of the planning works for the first phase. The preparation of the Thailand project is also underway as scheduled." He added.
- End -
- 1 -
About PCPD
Majority-owned by PCCW Limited ("PCCW", SEHK: 00008), Pacific Century Premium Developments Limited ("PCPD" or the "Group", SEHK: 00432) is mainly engaged in developing and managing premium property and infrastructure projects, as well as investing in premium-grade buildings in the Asia-Pacific region.
For media inquiries, please call
Alfred Siu
Corporate Communications
Tel: (852) 2514 3914
Email: alfred.wt.siu@pcpd.com
For investor inquiries, please call
Keith Wat
Investor Relations
Tel: (852) 2514 3920
Email: ir@pcpd.com
- 2 -
|
distributed by
|
