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There's Reason For Concern Over Art Group Holdings Limited's (HKG:565) Massive 113% Price Jump
ART GROUP HOLD: 2024 ANNUAL RESULTS ANNOUNCEMENTANDRESUMPTION OF TRADING
Art Group Forecasts Lower Loss in Fiscal Year 2024
Art Group Holdings (00565.HK) expects annual net loss to narrow year-on-year and continues suspension.
Golden will be released on October 15th art group hold (00565.HK) announcement that the Group may record a net loss of not less than HK$0.27 billion for the year ending June 30, 2024, compared to a net loss of approximately HK$0.683 billion for the year ending June 30, 2023. The board of directors believes that the net loss is mainly due to (i) a fair value loss of approximately HK$0.26 billion on investment properties generated by the Group for the year ending June 30, 2024, due to slow recovery of China's macroeconomy, especially the real estate market. Some real estate companies still face financial pressures. With multiple factors at play.
Express News | Art Group Holdings Ltd - Sees Net Loss of Not Less Than HK$ 270 Mln for Year
ART GROUP HOLD: PROFIT WARNINGREDUCTION IN LOSSANDCONTINUED SUSPENSION OF TRADING
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