The latest update is out from Nanyang Holdings Limited ( (HK:0212) ).
Nanyang Holdings Limited, a company incorporated in Bermuda, has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a significant loss of approximately HK$146 million, primarily due to increased fair value losses on investment properties, compared to a profit of HK$49 million in the previous year. Excluding these fair value changes, the company would have reported a profit of HK$130 million. Additionally, the company expects to record other comprehensive expenses due to fair value losses on financial assets, contrasting with gains in the previous year. The final audited results are expected in March 2025.
More about Nanyang Holdings Limited
YTD Price Performance: 2.04%
Average Trading Volume: 4,398
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$849.2M
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