Vanke Overseas (01036) announced that the group is expected to obtain... as of the end of June 30, 2024, for a period of 6 months.
Wanke Overseas (01036) announced that the group is expected to incur a shareholder loss of approximately 29 million Hong Kong dollars for the 6 months ending June 30, 2024, while the unaudited comprehensive management accounts for the 6 months ending June 30, 2023 showed a shareholder profit of approximately 3 million Hong Kong dollars.
The board of directors believes that the shareholders' loss during this period is mainly due to the impairment provision of the group's development properties. In response to market fluctuations, the company is committed to maintaining financial stability, with zero net debt ratio. Currently, the business operations are in good condition, and the ongoing projects are proceeding as scheduled.
