Hefu Huihuang (00733) issued a profit warning, expecting losses attributable to interim shareholders to reach HK$130 million to 180 million

Zhitong Finance ·  08/18/2023 17:01

Zitong Financial App News, Hefu brilliant (00733) issued an announcement that the Group expects to achieve a loss of HK $130 million to HK $180 million for the six months ended June 30, 2023, mainly due to the deterioration of the credit quality of some customers engaged in real estate business and real estate development in the second quarter of 2023. The Group made additional provisions for the expected credit losses on its outstanding loans receivable and the operating losses resulted from the overall downturn in the real estate market and fierce competition in the property agency industry during the period.

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