Harbour Centre Development Limited Issues Profit Warning, Anticipates Significant Loss for First Half of 2025
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Harbour Centre Development Limited has issued a profit warning, projecting a loss of HK$230 million to HK$290 million for the first half of 2025, a significant increase from the HK$8 million loss in the same period of 2024. The anticipated loss is due to impairment provisions on development properties and a revaluation deficit on investment properties. Despite this, the company maintains that its overall financial position remains healthy. Shareholders are advised to exercise caution with the company's shares. The consolidated results will be published in early August 2025.
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