LIPPO CHINA RES issues a profit warning, expecting a consolidated loss attributable to shareholders of no less than HKD 80 million
LIPPO CHINA RES issued a profit warning, expecting a consolidated loss attributable to shareholders of no less than HKD 80 million for the six months ending June 30, 2025, a decrease from HKD 137 million in the previous period. The net fair value loss of financial instruments for this period is expected to be approximately HKD 1 million, compared to HKD 52 million for the six months ending June 30, 2024
According to the Zhitong Finance APP, LIPPO CHINA RES (00156) announced that it expects the LIPPO CHINA RES Group to incur a net fair value loss of approximately HKD 1 million on financial instruments measured at fair value through profit or loss for the six months ending June 30, 2025, while for the six months ending June 30, 2024, it incurred a net fair value loss of HKD 52 million.
The board of LIPPO CHINA RES estimates that the LIPPO CHINA RES Group may incur a consolidated loss attributable to shareholders of no less than HKD 80 million during this period, compared to a consolidated loss of HKD 137 million in the previous period. The decrease in loss is mainly due to a reduction in the net fair value loss on financial instruments measured at fair value through profit or loss incurred by the LIPPO CHINA RES Group during this period
