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BRIEF-CSI Properties Sees FY Consol Net Profit Falling; Considers On-Market Share Repurchase Program

Reuters

April 1 (Reuters) - CSI Properties Ltd:

* CONSOLIDATED NET PROFIT OF GROUP FOR YEAR IS EXPECTED TO REFLECT A SIGNIFICANT DECREASE

* EXPECTED DECREASE IN PROFIT DUE TO REDUCTION IN BOOKING OF CONTRACTED SALES AS REVENUE FOR FY ENDED 31 MARCH 2019

* ESTIMATED CONTRACTED SALES FOR FY ENDED 31 MARCH 2019 EXPECTED TO BE ACCOUNTED FOR IN FY ENDING 31 MARCH 2020 IS ABOUT HK$3 BILLION

* WILL ACTIVELY CONSIDER UNDERTAKING ON-MARKET SHARE REPURCHASE PROGRAMME OF CO'S ORDINARY SHARES ON OR BEFORE 26 APRIL 2019 Source text for Eikon: Further company coverage: