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Asia allied inf (00711.HK) profit warning: expected mid-term to turn from profit to loss.
Glory 21st Asia Allied Inf (00711.HK) announced that the company expects to incur a net loss of no more than 270,000,000 Hong Kong dollars for the six months ending September 30, 2024, while the Group recorded a shareholders' share of approximately 68,000,000 Hong Kong dollars for the six months ending September 30, 2023. This reversal from profit to loss is mainly due to (1) the Group's cautious reassessment during this period, uncertainty over the recovery of certain projects, leading to the derecognition of the contract assets of those projects, in accordance with Hong Kong Financial Reporting Standards.
Express News | Asia Allied Infrastructure - Expected Result Due to Write-off on Contract Assets of Certain Projects, Others
Express News | Asia Allied Infrastructure Holdings Ltd Sees Net Loss Not More Than HK$270 Mln for Six Months
ASIA ALLIED INF: PROFIT WARNING
Asia Allied Inf (00711.HK) held a board meeting on November 28 to consider and approve the interim performance.
Gelonghui, November 18th丨Asia Allied Inf (00711.HK) announced that the company's board meeting will be held on November 28, 2024 (Thursday) to consider and approve the interim results of the company and its subsidiaries for the six months ending September 30, 2024, and their publication, as well as to consider the distribution of an interim dividend (if any).
ASIA ALLIED INF: Date of Board Meeting
Concerns Surrounding Asia Allied Infrastructure Holdings' (HKG:711) PerformanceNo Data
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