Continental H (00513) announced that the group is expected to achieve a loss of not less than HKD 0.18 billion for the year ending June 30, 2024...
According to the announcement by Continental H (00513), the group is expected to incur a loss of no less than HKD 0.18 billion for the year ending June 30, 2024, compared to a loss of approximately HKD 0.1154 billion for the year ending June 30, 2023.
Despite the reversal of impairment losses on mining rights, the expected increase in loss is mainly due to decrease in revenue; net amount of impairment losses on properties held for sale and unrealized fair value losses on investment properties; increase in financial costs; and impairment losses on goodwill, intangible assets, and right-of-use assets.
