China South City Holdings Limited provided group earnings guidance for the year ended March 31, 2022, For the year, the company expected that the Group's profit will record a drop of about 70% compared to the year ended March 31, 2021; the expected decrease in profit is mainly due to decline in average selling price of properties delivered during the year, resulting in the decrease in the gross profit margin; the decline in commercial properties leasing demand in the midst of the COVID-19 pandemic and depressed macro market environment, resulting in a decrease in fair value gain on investment properties; increase in finance cost; and increase in the provision for inventory impairment.
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5-day change | 1st Jan Change | ||
0.243 HKD | -4.71% | -8.30% | -19.00% |
04-30 | China South City Appoints Financial, Legal Advisors to Tackle Offshore Debt | MT |
04-03 | China South City Holdings Limited Announces Management Changes | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-19.00% | 373M | |
+1.43% | 26.55B | |
-10.83% | 26.4B | |
+24.97% | 24.8B | |
+12.29% | 23.83B | |
+7.12% | 21.11B | |
+35.85% | 20.6B | |
-3.28% | 18.38B | |
+3.23% | 16.74B | |
+34.62% | 15.75B |
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- China South City Holdings Limited Provides Group Earnings Guidance for the Year Ended March 31, 2022