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Multifield International Forecasts Growth in 2021 Profit

MT Newswires ·  02/21 17:50

04:48 AM EST, 02/21/2022 (MT Newswires) -- Multifield International Holdings (HKG:0898) expects consolidated profit before tax in 2021 to soar to between HK$320 million and HK$350 million ($41 million to $44.9 million) in 2021 from HK$28 million a year prior, according to a late Friday filing.

The property investment firm attributed the upbeat guidance to narrower net unrealized fair value loss on equity investments to HK$53 million versus HK$174 million in the previous year and higher net fair value gain from revaluation of investment properties.

Price (HKD): $1.10, Change: $0.00, Percent Change: 0.00%

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