ASIA ORIENT (00214) issues profit warning, predicting that the mid-term loss attributable to shareholders will narrow to HK$210-270 million year-on-year.
Huihan Holdings (00214) announces that the group expects that the shareholder's share for the six months ended September 30, 2024...
ASIA ORIENT (00214) announced that the group is expected to incur a loss attributable to shareholders of HK$210-270 million for the six months ending September 30, 2024, compared to a loss of HK$619 million for the same period in 2023.
The main reasons for this change are an increase in profit recognition from real estate development projects, a decrease in expected credit losses from financial asset investments, a reduction in losses due to revaluation losses from investment properties offsetting revaluation gains from the same period last year, and a decrease in interest income from financial investments.
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