ITC Properties Group Limited Provides Consolidated Earnings Guidance for Six Months Ended September 30, 2023
with a net profit attributable to the owners of the Company of approximately HKD 125.5 million for the six months ended 30 September 2022. In the period, the shift to an expected net loss is mainly attributable to the absence of the following occurred in half year 2022: share of profit of approximately HKD 223.2 million derived from the disposal of Rosedale Hotel Kowloon; and share of the reversal of impairment loss of approximately HKD 62.8 million due to an increase in the fair value of a hotel property located in Canada.