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Sino-Ocean GP (03377.HK) plans to hold a board of directors meeting on August 28 to approve mid-term performance.
Sino-ocean gp (03377.HK) announced on August 16 that the company will hold a board meeting on August 28, 2024 (Wednesday) to approve the mid-term performance of the company and its subsidiaries for the six months ending June 30, 2024 and the publication and handling of other matters.
SINO-OCEAN GP: DATE OF BOARD MEETING
Sino-Ocean Group Sees 1H Loss CNY4.5B-Loss CNY6B >3377.HK
Sino-Ocean GP (03377.HK) issued a profit warning: it is expected to have a loss of 4.5 to 6 billion yuan in the medium term attributable to its owners.
Sino-Ocean Group (03377.HK) issued an announcement on August 16th stating that for the six months ending on June 30th, 2024, it is expected that the group will achieve a decrease in the loss attributable to owners from approximately RMB 18.369 billion yuan in the previous six months, ending on June 30th, 2023 to approximately RMB 4.5 billion yuan to RMB 6 billion yuan during the period (a decrease of approximately 67.3% to 75.5%). The announcement stated that the expected reduction in losses is mainly due to (i) a reduction in the provision for impairment on property projects during the period, and (ii) a reduction in the losses of joint ventures and associates.
Express News | Sino-Ocean - Expected Result Due to Decrease in Provision for Impairment of Property Projects, Others
Express News | Sino-Ocean Group Sees Reduction in Its Hy Loss Attributable to RMB4,500 Mln to RMB6,000 Mln
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