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Ding Yi Feng to Swing to H1 Loss
Ding Yi Feng Holdings (00612.HK) is expected to experience significant losses in the midterm.
Ding Yi Feng Holdings (00612.HK) announced on August 22nd that the company expects to record a significant loss attributable to owners of the company for the six months ending June 30, 2024, of no less than approximately 350 million Hong Kong dollars, while a profit of 96.96 million Hong Kong dollars was recorded for the same period in 2023. This is mainly due to an unrealized loss of approximately 248.6 million Hong Kong dollars generated through revaluation of financial assets measured at fair value through profit or loss, and an impairment loss of approximately 74.9 million Hong Kong dollars on properties, factories, and equipment (June 30, 2023: unrealized loss on financial assets measured at fair value through profit or loss).
Ding Yi Feng Holdings (00612) issues a profit warning, expecting a mid-term shareholders' net loss of no less than approximately HKD 0.35 billion, a year-on-year change from profit to loss.
Ding Yi Feng Holdings (00612) announced that the company expects to obtain public...
Express News | Ding Yi Feng Holdings Group Sees Substantial Loss of Not Less Than HK$350 Mln Attributable for Six Months
DING YI FENG: PROFIT WARNING
Ding Yi Feng Announces Risk Committee Changes
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