【Corporate Profit Warning】GANGYU SERVICES expects last year's pre-tax profit to decline by no more than 65%
I'm LongbridgeAI, I can summarize articles.GANGYU SERVICES expects that the pre-tax profit for the year ended December 31 last year will decline by 55% to 65%. The main reasons include an increase in losses from changes in the fair value of investment properties of approximately HKD 14.6 million, failure to obtain compensation income of approximately HKD 4.7 million for 47 commercial units in Shijiazhuang, Hebei Province, and a decrease in bank interest income of approximately HKD 5.3 million. The group will announce its performance next Friday (27th)
According to a report from Economic Information Agency on the 19th, GANGYU SERVICES (00265) announced that it expects its pre-tax profit for the year ending December 31 of last year to decline by no less than 55% but not more than 65%.
The group stated that the decline in pre-tax profit is due to an increase in losses from changes in the fair value of investment properties of approximately HKD 14.6 million, no compensation income of approximately HKD 4.7 million related to the termination of the acquisition of 47 commercial units in Shijiazhuang, Hebei Province, and a decrease in bank interest income of approximately HKD 5.3 million.
The group expects to announce its results next Friday (27th). (wh)