Road King expects 'significant increase' in 2018 consolidated net profit

Business | 11 Feb 2019 7:06 pm

Property developer Road King Infrastructure (1098) said today it is expected to record a significant year-on-year increase in the consolidated net profit for the year ended December 31, 2018 by not less than 45 percent.

Its consolidated net profit in 2017 was HK$2.47 billion.

The expected increase in the consolidated net profit is primarily attributable to the increase in the average selling price and total gross floor area of properties delivered last year, the group noted in a stock exchange filing.

Shares of Road King added 1.7 percent, or 24 HK cents, to close at HK$14.34.

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