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PT International Development Corporation Limited (HKG:372) May Have Run Too Fast Too Soon With Recent 35% Price Plummet
To the annoyance of some shareholders, PT International Development Corporation Limited (HKG:372) shares are down a considerable 35% in the last month, which continues a horrid run for the company.
PT International Development Lowers Loss in Fiscal Year 2024
PT International Development (HKG:0372) reported a loss attributable to owners of HK$21.3 million for the year ended March 31, compared with HK$202 million in the previous year. Loss per share was HK$
PT Intl Dev (00372) released its annual performance report; shareholders' loss narrowed by 89.43% YoY to HKD 21.34 million.
PT Intl Dev (00372) released its annual performance report for the fiscal year ending on March 31, 2024, with total group revenue of 1.5...
PT INTL DEV: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2024
pt intl dev (00372.HK) warns of profit: expected to incur a loss of no less than approximately HKD 89 million in the fiscal year 2024.
On June 24, Gralon Finance reported that PT Intl Dev (00372.HK) will record a loss of not less than about HKD89 million in the 2024 fiscal year, compared with a loss of about HKD360 million as of the 2023 fiscal year. This is mainly due to (a) a decrease in impairment losses on goodwill, property, factory and equipment as well as right-of-use assets related to the Hong Kong and Hong Kong-related services in the oil and chemical sector, and (b) an increase in unrealized fair value gains from investment in the AFC Mercury Fund by the group.
Express News | PT International Development Corp - Exepected Result Due to Increase in Unrealised Fair Value Gain of Group's Investment in AFC Mercury Fund, Others
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