ASIASEC PPT issued a profit warning, expecting an annual net loss of approximately HKD 70 million to 80 million, turning from profit to loss year-on-year
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ASIASEC PPT issued a profit warning, expecting an annual net loss of approximately HKD 70 million to 80 million for 2024, a significant turnaround from an annual net profit of about HKD 265 million in 2023. The main reasons include fair value losses on investment properties and increased financing costs, the latter primarily due to rising financing costs on borrowings in the second half of 2023
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