Sino Land annual NP reduced for ppt and equity inv

In the 12 months ended 30 June 2001, the net profit of Sino Land Company Limited (0083) amounted only to $500 million, 63.31% less than market estimation. The reduced net profit was mainly due to the $300 million special provision made for Island Resort and Central Park. The company also provided $102 million for its securities investment.

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