CSI Properties (DE:OIHC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
CSI Properties Limited has issued a profit warning, anticipating a significant loss of HK$420 million to HK$470 million for the fiscal year ending March 31, 2024, in stark contrast to the previous year’s profit of HK$336 million. The shortfall is primarily due to a disagreement over land premiums for a joint venture project, leading to an expected impairment loss. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
For further insights into DE:OIHC stock, check out TipRanks’ Stock Analysis page.
