Java Holdings (00251) announced that although the Group expects daily operating profit to increase in 2023, the Group...
According to the Zhitong Finance App, Java Holdings (00251) announced that although the Group's daily operating profit is expected to increase in 2023, the Group expects a loss of approximately HK$850 million for the year ended December 31, 2023, compared with a loss of approximately HK$384 million for the same period in 2022.
According to the announcement, the increase in expected losses is mainly due to non-recurrent items including fair value losses in UK investment properties; and impairment losses on investment in listed debt securities. The above fair value losses and impairment losses are non-cash items and do not immediately affect the Group's cash flow.