Property agent Midland posts worst interim results in four years as Hong Kong market hammered by coronavirus, social unrest

//Property agent Midland posts worst interim results in four years as Hong Kong market hammered by coronavirus, social unrest

Property agent Midland posts worst interim results in four years as Hong Kong market hammered by coronavirus, social unrest

Midland Holdings, one of Hong Kong’s largest property agents, lost HK$24.3 million (US$3.1 million) in the first half, a reversal of the HK$94 million profit it reported a year ago and its worst interim results since 2016.Revenues declined by about 15 per cent to HK$2.5 billion in the period, reflecting the uncertain conditions that it had to operate in as the city grapples with an unprecedented recession. The economy has been crippled as the coronavirus pandemic compounded damage already done…

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By | 2020-08-28T12:15:50+00:00 August 28th, 2020|Business|Comments Off on Property agent Midland posts worst interim results in four years as Hong Kong market hammered by coronavirus, social unrest