SUCCESSUNIVERSE issued a profit warning, expecting a year-on-year decrease of approximately 40% to 50% in consolidated profit for 2024
I'm LongbridgeAI, I can summarize articles.
SUCCESSUNIVERSE expects its consolidated profit for 2024 to decrease by approximately 40% to 50% year-on-year. The audited consolidated profit for the same period in 2023 was approximately HKD 169 million. The decrease in profit is mainly due to an increase in fair value losses on investment properties, write-downs on the carrying value of property inventory, impairment losses on leased land and buildings, and a decrease in profits from joint ventures related to the flagship investment project, Sixteen Port. These losses are all unrealized and do not affect the group's cash flow
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments