Note: Adjusted cash profit is calculated by adjusting for (i) change in fair value of financial assets at fair value through profit or loss (“FVTPL”); (ii) change in fair value of derivative financial instruments; (iii) provisional gain acquisition of the additional equity interest in DBC; (iv) change in fair value of investment properties (after tax); (v) loss on disposal of debt instruments at fair value through other comprehensive income (“FVTOCI”); (vi) share of impairment loss recognised by an associate and a JV; (vii) impairment loss on properties for sale; (viii) impairment loss (including reversals of impairment losses) on financial assets; (ix) impairment loss on deposit for acquisition of property, plant and equipment; (x) deferred tax expense from provisional gain on asset swaps; and (xi) depreciation and impairment of property, plant and equipment; and adjusted for minority interests.
Far East Consortium International Limited (FEC, HKSE: 35) is a leading regional conglomerate specialising in property development and investment, hotel operations and management, car park operations and facilities management, securities and financial product investment and gaming operations in Chinese Mainland, Hong Kong, Malaysia, Singapore, Australia, New Zealand, the United Kingdom and Continental Europe.