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The profit warning from fe consort intl (00035.HK) expects to report a loss of up to 0.9 billion yuan in the first half of the year.
Fe consort intl (00035.HK) issued a profit warning, expecting a loss of no more than 0.9 billion yuan for the six months ending in September, compared to a profit of 0.232 billion yuan for the same period last year. This is mainly due to changes in the fair value of investment properties; share of impairment losses recognized from associates and joint ventures; and forex losses.
(Re-published for notes holders information) PROFIT WARNING
Far East Consortium International Expects to Swing to Loss in Fiscal H1
Hong Kong stocks move丨fe consort intl fell more than 7%, expected to report a loss for the interim earnings.
Gelonghui, November 22 | fe consort intl (0035.HK) fell more than 7% during the trading session to HKD 1.04, marking a new low since September 19. The group anticipates a loss of no more than HKD 0.9 billion for the half year ended September this year, compared to a profit of approximately HKD 0.232 billion in the same period last year. The company explained the loss was mainly due to changes in fair value of investment properties, impairment losses from joint ventures and associates, and forex losses. (Gelonghui)
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Fe Consort Intl (00035) issued a profit warning, expecting a net loss attributable to shareholders in the mid-term not exceeding 0.9 billion Hong Kong dollars, a year-on-year turnaround from profit to loss.
fe consort intl (00035) announced that the group expects to achieve shareholder attributable results for the six months ending September 30, 2024...
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