Continental Holdings Limited provided earnings guidance for the year ended 30 June 2023. For the year, the company expected to record a loss of not less than HKD 100 million for the year ended 30 June 2023 as compared to the profit of approximately HKD 38.5 million for the year ended 30 June 2022. The loss was mainly due to (i) decrease in revenue of approximately 25% as compared to the year ended 30 June 2022; (ii) increase in finance cost of approximately HKD 2 million; (iii) write-down of properties under development; and (iv) unrealised net fair value loss on the investment properties as compared to the net fair value gain for the year ended 30 June 2022.
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5-day change | 1st Jan Change | ||
0.207 HKD | 0.00% | +3.50% | -17.20% |
02-27 | Continental Holdings' Fiscal H1 Loss Widens | MT |
02-26 | Continental Holdings Limited Reports Earnings Results for the Half Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-17.20% | 18.1M | |
-10.47% | 34.98B | |
-8.43% | 13.6B | |
+21.25% | 13.24B | |
+14.06% | 4.26B | |
+14.69% | 2.63B | |
+6.39% | 2.43B | |
+2.55% | 1.64B | |
-16.58% | 1.36B | |
-32.67% | 1.05B |
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