Hong An Real Estate (01243) announced that the group expects to have a comprehensive loss not exceeding 850 million Hong Kong dollars for the fiscal year ending March 31, 2024, to be accounted for by the company's owners, while it earned a surplus of about 211 million Hong Kong dollars for the fiscal year ending March 31, 2023. This is mainly due to the following factors: (1) the continued downturn in the Hong Kong real estate market, resulting in a significant write-down of the fair value of the group's development properties; (2) a decrease in sales and deliveries of completed residential projects in the current year, resulting in a significant decline in the group's comprehensive income; and (3) a significant increase in financing costs for the current year.
宏安地产(01243)发盈警 预计年度股东应占综合亏损不多于8.5亿港元 同比盈转亏
Wang on ppt (01243) issues profit warning, expecting annual comprehensive loss attributed to shareholders not to exceed 850 million Hong Kong dollars, a year-on-year profit-to-loss reversal.
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