GET NICE (00064) issues profit warning, expecting a year-on-year decrease of approximately 30% in annual profit.
Cheung Kong Holdings (00064) announced that the profit for the fiscal year ending March 31, 2026 is expected to decrease by approximately 30% compared to the same period in 2025, with a reduction of about 76 million Hong Kong dollars. The decrease is mainly due to (i) a decrease in fair value of the group's investment properties based on the latest property valuation results, and (ii) an increase in realized losses from the sale/redemption of financial assets.
GET NICE (00064) announced that the group expects a decrease of approximately 30% in profit for the year ending March 31, 2026 compared to the same period in 2025, with a reduction of approximately 76 million Hong Kong dollars. The decrease is mainly due to (i) a decrease in fair value of investment properties based on the latest property valuation results, and (ii) an increase in realized losses from the sale/redemption of financial assets.
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