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Wang on ppt (01243) issues profit warning, expecting annual comprehensive loss attributed to shareholders not to exceed 850 million Hong Kong dollars, a year-on-year profit-to-loss reversal.
Wang on ppt (01243) announced that the group is expected to have a comprehensive loss of no more than HK $850 million attributable to owners of the company for the financial year ending on March 31, 2024, while earning a surplus of about HK $211 million for the year ending on March 31, 2023. This is mainly due to the following factors: (1) the continuing sluggish Hong Kong real estate market has led to a significant write-down of the group's development properties to their realizable net value, (2) the sales and delivery of completed residential projects have decreased this year, leading to a significant decline in the group's comprehensive income, and (3) the financing cost has increased significantly this year.
Express News | Wang on Properties - Expected Result Due to Substantial Increase in Finance Costs During Year, Among Others
WANG ON PPT: INSIDE INFORMATION - PROFIT WARNING
Wang On Properties (01243.HK) held a board of directors meeting on June 26 to consider and approve the annual performance.
Wang On Properties (01243.HK) announced on June 14 that a board of directors meeting will be held on Wednesday, June 26, 2024 to consider and approve the annual performance of the company and its subsidiaries for the year ended March 31, 2024 (including) and to consider the declaration of final dividends (if any).
Hongan Properties (01243) subsidiary plans to sell properties in Yau Tong, Hong Kong for HK$797 million
Hongan Group (01222) and Hongan Real Estate (01243) jointly announced that on March 28, 2024, Hong...
Wang on ppt (01243.HK): Zhang Zhanhua has been appointed as the company secretary and authorized representative.
Wang on ppt (01243.HK) announced that Huang Jingxian had resigned as an executive director due to other career developments, effective from April 1, 2024. Consequently, Huang will no longer serve as a member of the Company's Executive Committee, effective from April 1, 2024. The Board of Directors is pleased to announce that Zhang Zhanhua has been appointed as the company's secretary and authorized representative.
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