Property developer Tian An China Investments (HKG:0028) expects an attributable loss of up to HK$230 million for 2024, against an attributable profit of around HK$1.22 billion in the year-ago period, a Thursday filing with the Hong Kong bourse said.
The anticipated swing to loss is mainly due to a lower sales revenue of completed properties, a decrease in the fair value of investment properties, a lower share of profit of joint ventures, the absence of a gain on bargain purchase, and the absence of an increase in the fair value of its investment properties.
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