C C LAND issues a profit warning, expecting a loss attributable to shareholders of approximately HKD 40 million in the first half of the year, turning from profit to loss year-on-year
C C LAND expects to incur a shareholder attributable loss of approximately HKD 40 million for the six months ending June 30, 2025, a significant turnaround from a profit of HKD 91 million in the same period last year. The loss is primarily due to a decrease in contributions from joint venture investments and a reduction in fair value gains from investment properties in the UK, partially offset by foreign exchange gains from the appreciation of the British pound
According to the Zhitong Finance APP, C C LAND (01224) announced that the group expects to incur a shareholder's attributable loss of approximately HKD 40 million for the six-month period ending June 30, 2025, compared to a profit of HKD 91 million in the same period last year. The loss during this period is mainly due to a decrease in contributions from the group's joint venture investments, as well as a reduction in fair value gains arising from the revaluation of the group's investment properties in the UK as of June 30, 2025, part of which has been offset by exchange gains resulting from the appreciation of the British pound against the Hong Kong dollar as of the reporting date
