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Zhuguang Holdings (01176.HK) profit warning: expected mid-term attributable losses of no less than 0.75 billion Hong Kong dollars.
Zhuguang Holdings (01176.HK) announced on August 23 that the company is expecting a net loss of no less than HK$0.75 billion for the six months ending June 30, 2024, compared to a net loss of approximately HK$66.923 million for the six months ending June 30, 2023. This is mainly due to (1) a decrease in the number of project management service agreements signed by the group during the interim period, resulting in a decrease in project management service revenue of approximately HK$0.657 billion compared to the corresponding period; and (2) the fair value of the group's investment properties as of June 30, 2024, being lower than as of December 2023.
Express News | Zhuguang Holdings Group - Expected Result Due to Decrease in Group's Revenue From Project Management Services During Hy, Others
Express News | Zhuguang Sees Loss Attributable of Not Less Than HK$750 Mln for Hy
Express News | Zhuguang Holdings Sees Loss Attributable Not Less Than HK$750 Mln for Six Months
ZHUGUANG HOLD: PROFIT WARNING
Zhuguang Hold (01176.HK) plans to hold a board of directors meeting on August 30th to approve the mid-year performance.
Zhuguang Hold (01176.HK) announced on August 19th that the board of directors meeting will be held on August 30th, 2024 (Thursday) to approve (including) the mid-year performance and its announcement of the Company and its subsidiaries as of June 30th, 2024, and to consider proposing the payment of mid-year dividends (if any).
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