CSI Properties Limited Issues Profit Warning, Expects Significant Loss for Fiscal Year Ending March 2025

Reuters
06-13
CSI Properties Limited Issues Profit Warning, Expects Significant Loss for Fiscal Year Ending March 2025

CSI Properties Limited has issued a profit warning for the financial year ended March 31, 2025. The company anticipates a consolidated loss attributable to its owners ranging between HK$1,650 million and HK$1,700 million. This marks a significant increase from the HK$426 million loss recorded in the previous year. The primary reasons for this projected loss include a decrease in revenue from property sales and adverse changes in the fair value of investment properties, along with write-downs of properties held for sale and impairment provisions for joint ventures and associates' properties. These changes, while negatively impacting the reported financial results, are non-cash items and will not affect the Group's operating cash flow. Despite the expected losses, the overall financial, business, and trading positions of the Group remain healthy. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CSI Properties Limited published the original content used to generate this news brief on June 13, 2025, and is solely responsible for the information contained therein.

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