GR Properties Limited ( (HK:0108) ) has shared an update.
GR Life Style Company Limited, listed on the Hong Kong Stock Exchange, has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a significant increase in losses, estimating a loss of HK$918 million to HK$919 million, compared to HK$129 million in the previous year. This surge in losses is primarily due to a substantial increase in the fair value loss of investment properties and a decrease in remeasurement gains upon transferring certain properties held for sale to investment properties. Shareholders and potential investors are advised to exercise caution when dealing with the company’s securities.
More about GR Properties Limited
YTD Price Performance: -8.86%
Average Trading Volume: 1,040,084
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.32B
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