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What is Sun Hung Kai 2016 Financial Results about?

Sun Hung Kai & Co reported a significant decline in revenue and attributed profit for 2016, with revenue at HK$3.51 billion and profit down 72% to HK$1.11 billion. The company experienced a satisfactory turnaround in its UAF business in China and nearly tripled its consumer finance contribution in the second half of the year. The financial outlook remains cautiously optimistic with a focus on maintaining a prudent balance sheet and expanding into new finance businesses.

Author

dameitchina123

Language

EN