News Column

Hidong Estate Profit Rises In Full-Year, Continues To Seek Ventures

July 25, 2014

Hana Stewart-Smith

LONDON (Alliance News) - Investment company Hidong Estate PLC said Friday that it saw profit rise in the year to the end of March.

The company posted a pretax profit of CNY388,504, up from CNY189,738, boosted by a CNY149,681 gain on the disposal of investments, and a CNY334,178 interest receivable on short term bank deposits.

Hidong said that it continues to seek out viable business ventures with the objective of maximising long term growth and enhancing shareholder value.

"At the point of writing this statement, the overall world economy seems to be in neutral gear whilst the trajectory of the capital markets remains range bound and ever vigilant for signs of further tapering of the previous rounds of Quantitative Easing by the US Feds," the company said in a statement.

Shares in Hidong were Friday quoted at 50.00 pence, untraded.

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Source: Alliance News

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