SANDMARTIN INTL (00482) Issues Profit Warning, Expects 2024 Consolidated Net Loss to Decrease to at Least HK$55 Million

Stock News

09/10

SANDMARTIN INTL (00482) announced that the group expects to record a consolidated net loss of at least HK$55 million for the year ending December 31, 2024, compared to a consolidated net loss of approximately HK$136.6 million for the same period in 2023. The announcement stated that the expected reduction in loss is mainly attributed to the fair value increase of the group's investment properties as reflected in the property valuation results as of December 31, 2024.

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