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ASIASEC PPT: 2024 Interim Report
asiasec ppt (00271) released its interim results, with a loss of 17.037 million Hong Kong dollars, turning from a year-on-year profit to a loss.
Asiasec PPT (00271) released its performance for the six months ended June 30, 2024, during which the group achieved revenue...
ASIASEC PPT: UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE, 2024
Asiasec Properties Forecasts Swing to Loss in H1
Asiasec PPT (00271.HK) issued a profit warning: expected net loss of approximately HKD 15 million to HKD 20 million for the first half of the year.
Asiasec ppt (00271.HK) announced that the group is expected to record a net loss of approximately 15 million to 20 million Hong Kong dollars in the six months ending on June 30, 2024, compared with a net profit of approximately 15 million Hong Kong dollars in the six months ending on June 30, 2023. The main reasons for the group's financial performance change are (i) investment property fair value loss during this reporting period compared with investment property fair value gain in the same period last year; and (ii) financing costs incurred during this reporting period are loans and other borrowings granted by the company's intermediate holding company, and as of June 2023.
Express News | Asiasec Properties - Expected Result Due to Fair Value Loss of Investment Properties for Hy
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