According to the Zhitong Finance App, Acer Capital (02288) announced that the Group expects to lose no less than HK$175 million (2022: HK$389.85 million) for the year ending March 31, 2023. The estimated loss is mainly due to the weak climate and fierce competition in the commercial property market in Hong Kong, which amortized significant impairment losses confirmed by an associated company mainly engaged in property development; amortized losses generated by a joint venture company during the year due to the continued adverse effects of the COVID-19 outbreak; and increased financing costs due to rising interest rates.
宏基资本(02288)发盈警，预期年度亏损不少于1.75亿港元
Acer Capital (02288) issued a profit alert with an estimated annual loss of no less than HK$175 million
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