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东方企控集团(00018)发盈警 预计年度股东应占综合溢利为约6500万港元至8000万港元

Oriental e h (00018) issued a profit warning, with an expected annual shareholder's share of comprehensive surplus of about HKD 65-80 million.

Zhitong Finance ·  Jun 7 17:15

Oriental E H (00018) announced that the expected comprehensive surplus of the owner of the company to the end of March 2024 will be about HKD 65-80 million. This is a decrease from the same period last year, when the owner's audited comprehensive surplus was about HKD 167 million. The decrease in surplus is mainly due to (i) insufficient local economic activity directly leading to the decline in the group's media business income; (ii) the government no longer providing support subsidies during the reporting period, while the group received government support subsidies of about HKD 22.277 million in the same period last year; (iii) net expected credit losses of about HKD 19.472 million for the reversal of expected credit losses on the sale of Australian properties and the settlement of disputes with Australian hotel operators over receivable operating license fees in the same period last year, and (iv) at the end of the reporting period, the net decrease in the valuation of investment properties and impairment of leased buildings held by the group was about HKD 9.473 million.

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