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GWPA HOLDINGS: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
Great Wall Pan Asia Flags Swing to Loss in 2024
GWPA HOLDINGS (00583.HK) issues a profit warning: expecting a loss attributable to Shareholders of approximately 80 million to 88 million Hong Kong dollars in 2024.
Gelonghui on February 20 announced that GWPA HOLDINGS (00583.HK) expects to record an unaudited shareholder's attributable consolidated loss of approximately 8 million to 88 million Hong Kong dollars for the fiscal year 2024, along with an unaudited basic loss per share of approximately 5.10 to 5.64 Hong Kong cents, a significant decline of about 128% to 131% compared to the audited shareholder's attributable consolidated profit of 0.285 billion Hong Kong dollars and audited basic earnings per share of 18.17 Hong Kong cents for the year ending December 31, 2023, mainly due to: (a) the high interbank offered rates maintained by Hong Kong Banks, resulting in the Group's loan interest being calculated at this rate for 2024.
Express News | Great Wall Pan Asia - Expected Result Due Increase in Finance Cost in FY2024 of HK$54 Mln to HK$64 Mln, Others
Express News | Great Wall Pan Asia Sees Unaudited CONSOL Loss Attributable of HK$80 Mln to HK$88 Mln for Year
GWPA HOLDINGS: INSIDE INFORMATIONPROFIT WARNING
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