Hanison (00896.HK) issued a profit warning, expecting a deficit of between 210 million to 220 million yuan for the fiscal year ending March, compared with a profit of about 38.4 million yuan last year. It is expected that the main reason for this is due to the rise in interest rates and the downturn in the property market, resulting in a valuation loss of approximately 187 million yuan for investment properties held by the group and joint ventures, as well as a impairment loss of approximately 187 million yuan for development properties held for sale, together with interest expenses of approximately 65.6 million yuan.
《盈警》興勝創建(00896.HK)估計全年虧損擴至逾2億元
Hanison (00896.HK) is expected to expand its full-year loss to over 200 million yuan in The Financial Alarm.
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