Gelonghui August 14?Java Holdings (00251.HK) announced that although the Group expects to increase its day-to-day operating profit in the medium term, the Group expects to record a loss of approximately HK $430 million for the six months ended June 30, 2023, compared with a loss of approximately HK $65 million for the same period in 2022.
The announcement said the increase in expected losses was mainly due to non-recurring items including (I) fair value losses on investment properties in the UK and (ii) impairment losses on investments in listed debt securities. The above fair value losses and impairment losses are non-cash items and will not immediately affect the cash flow of the Group. Nevertheless, the Group's overall operation, financial position and cash flow remained sound.