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Cheuk Nang (Holdings) Limited ( (HK:0131) ) has issued an announcement.
Cheuk Nang (Holdings) Limited has issued a profit warning, projecting a loss of up to HK$40 million for the six months ending 31 December 2024, compared to a HK$313 million profit in the same period the previous year. This shift is attributed to factors such as the absence of a previous one-off tax refund, increased finance costs, and changes in the fair value of financial assets and investment properties. The company’s interim results for this period are yet to be finalized and will be published on 28 February 2025, urging stakeholders to exercise caution.
More about Cheuk Nang (Holdings) Limited
Cheuk Nang (Holdings) Limited is a company incorporated in Hong Kong, primarily engaged in property development and investment activities. The company focuses on real estate projects in Hong Kong and mainland China, leveraging opportunities in the property market to generate value for its stakeholders.
YTD Price Performance: 1.05%
Average Trading Volume: 348
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €128.8M
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