Southeast Asia Properties & Finance Ltd. Issues Profit Warning, Anticipates Net Loss of Over HK$10 Million for Fiscal Year Ending March 2025

Reuters
06-24
Southeast Asia Properties & Finance Ltd. Issues Profit Warning, Anticipates Net Loss of Over HK$10 Million for Fiscal Year Ending March 2025

Southeast Asia Properties & Finance Ltd. has issued a profit warning, indicating a significant financial downturn for the fiscal year ending March 31, 2025. The company anticipates a net loss of at least HK$10 million, a stark contrast to the HK$55.9 million profit recorded in the previous year. This expected shift from profit to loss is primarily attributed to a substantial decrease in the share of results from associates, particularly due to a one-off gain from the prior year related to the change in fair value of land owned by Titan Dragon Properties Corporation, an associate of the Group. The company is currently finalizing its annual results, and shareholders and potential investors are advised to exercise caution when dealing with the company's shares. The full annual results announcement is expected to be published by the end of June 2025.

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. Southeast Asia Properties & Finance Ltd. published the original content used to generate this news brief on June 24, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10