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Far East Holdings to Widen Loss in H1
Fe hldgs intl (00036.HK) issues profit warning: expected mid-term loss of no less than about HKD 0.507 billion.
On August 19th, Gelunhui reported that Far East Holding International (00036.HK) expects to record a loss of approximately HKD 0.507 billion in this unaudited financial period ending on June 30, 2024, compared to a loss of approximately HKD 18 million in the same period in 2023. The expected loss mainly comes from fair value losses on investment properties and increased financing costs, based on the preliminary review of the unaudited financial information for the group as of the 6 months ending on June 30, 2024.
Express News | Far East Holdings International - Expected Result Due to Increase in Finance Costs, Among Others
Express News | Far East Holdings International Sees Unaudited Loss for Six Months HK$507 Mln
fe hldgs intl (00036.HK) plans to hold a board of directors meeting on August 30 to review the mid-term performance.
Fe hldgs intl (00036.HK) announced that the board of directors meeting will be held on August 30, 2024 (Friday) at Room 904, 9 / F, Eternal Commercial Building, 110-116 Queen's Road Central, Hong Kong to discuss (including) (i) consider and approve the unaudited interim results of the company and its subsidiaries for the six months ended June 30, 2024, and their publication; and (ii) consider the distribution of interim dividends (if any).
FE HLDGS INTL: Annual Report 2023
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