Gelonghui, Feb. 8 | CNT GROUP (00701.HK) announced that the loss due to shareholders for the fiscal year ending 2023 will be between HK$62,000,000 and HK$72,000,000, a decrease of 23.5% to 34.1% compared with the loss attributable to shareholders of HK$94,100,000 for the 2022 fiscal year.
The decrease in the estimated loss amount attributable to shareholders for the fiscal year 2023 is mainly due to the following main factors: (a) the classification loss of the business in fiscal year 2023 was reduced compared to the classification loss of the hotel business in fiscal year 2022; (b) the net fair value loss recorded by the Group's investment properties in Hong Kong and mainland China on December 31, 2023, compared to the net fair value loss on December 31, 2022; and (c) the estimate of China Paint Group Co., Ltd., a non-wholly-owned subsidiary of the company, for the fiscal year ended 2023 The amount of losses due to shareholders has been reduced.