NWS Holdings (0659), the infrastructure arm of New World Development (0017), expects China's new toll fee exemption policy to have an immediate impact on the results of its toll roads business. The Ministry of Transport said Saturday, toll fees will be exempted from today due to the coronavirus epidemic. NWS said it does not expect the new policy to have a significant impact on operations in the long term. The attributable operating profit of the company from the roads segment was HK$948.5 million for the second half 2018, which represented about 39 percent of the total AOP of the group. For the financial year ended June 30, 2019, the AOP from the roads segment was HK$1.81 billion, representing 38 percent of the total AOP during the period.

Source: The Standard February 17, 2020 06:20 UTC