SANDMARTIN INTL (00482) issues profit warning, expecting a decrease in comprehensive net loss to no less than HK$55 million in 2024.

SANDMARTIN INTL (00482) announced that the group expects to have a comprehensive net loss of at least 55 million Hong Kong dollars for the year ending December 31, 2024, compared to a comprehensive net loss of approximately 136.6 million Hong Kong dollars for the same period in 2023. The announcement stated that the expected decrease in losses is mainly attributed to the fair value increase reflected in the property valuation results as of December 31, 2024 for the group's investment properties.