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Road King expects minimum 200% YOY hike in H1 net profit

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Road King expects minimum 200% YOY hike in H1 net profit

Road King Infrastructure projected it would record a surge of at least 200% in its consolidated net profit for the six months ended June 30, from the approximately HK$374.6 million registered in the first half of 2017.

The company cited the increase in the average selling price and total gross floor area of properties that it delivered during the 2018 half year as the primary reason for the expected increase in consolidated net profit.

Road King's consolidated interim results are scheduled to be announced in August.