Eternity Investment Limited ( (HK:0764) ) has shared an update.
Eternity Investment Limited has issued a profit warning, indicating an expected increase in losses by 50% to 60% for the fiscal year ending December 31, 2024, compared to the previous year. This anticipated increase is attributed to factors such as higher impairment losses on goodwill, changes in the fair value of investment properties, reduced gains from disposals of residential serviced apartments, and losses from modifications of secured notes, partially offset by decreased credit loss allowances and increased gross profit. The company is still finalizing its annual results, and stakeholders are advised to exercise caution.
More about Eternity Investment Limited
Eternity Investment Limited is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The company and its subsidiaries are involved in various investment activities, including real estate and financial assets.
YTD Price Performance: -18.57%
Average Trading Volume: 2,268,743
Technical Sentiment Signal: Buy
Current Market Cap: HK$217.7M
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