ITC Properties Group (HKG:0199) expects an attributable loss of at least HK$500 million for the six months ended Sept. 30, up from HK$161 million a year prior, a Nov. 22 bourse filing said.
The realtor attributed the anticipated rise in loss mainly to a loss of at least HK$220 million on the disposal of an equity interest in a joint venture, and a decrease in the value of its properties leading to impairment losses and a drop in the fair values of certain properties.
Shares of the company were down over 12% in recent trade.
Price (HKD): $0.25, Change: $-0.035, Percent Change: -12.28%
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