FE Holdings International (00036) issues profit warning, expecting the loss for fiscal year 2024 to increase by not less than approximately HK$620 million compared to the previous year.

FE Holdings International (00036) announced that the group expects to incur unaudited losses of approximately HK$620 million for the current year ending December 31, 2024, compared to losses of approximately HK$123 million for the year ended December 31, 2023. The announcement stated that the expected losses are mainly due to fair value losses on investment properties and an increase in financial costs.