itc properties (00199.HK) issued a profit warning, expecting a loss of no less than 0.5 billion yuan for the six months ending in September, compared to a loss of 0.161 billion yuan in the same period of 2023. The increase in losses is mainly due to a loss of no less than 0.22 billion yuan from the sale of joint venture interests during the period; recognition of impairment losses on commercial property inventory; recognition of a decrease in fair value of an investment in commercial property; and impairment losses on property, plant, and equipment.