March 20, 2020 / 3:18 PM / 10 days ago

BRIEF-Miramar Hotel And Investment Posts Profit Attributable Hk$1,288 Mln For Year

March 20 (Reuters) - Miramar Hotel and Investment Co Ltd :

* PROFIT ATTRIBUTABLE DECREASED BY 20.7% TO HK$1,288 MILLION FOR YEAR

* FINAL DIVIDENDS PROPOSED ARE HK34 CENTS PER SHARE

* OUTBREAK OF CORONAVIRUS DISEASE 2019 HAS IMPACTED GROUP’S OPERATIONS

* ECONOMIC SLOWDOWN DUE TO COVID-19 WILL RESULT IN SUBDUED RENTAL YIELD FOR PROPERTY RENTAL BUSINESS

* GROUP’S PROPERTY RENTAL BUSINESS MAY ALSO BE AFFECTED AGAINST BACKDROP OF DECLINING RENTAL YIELDS Further company coverage:

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