Realord Group (HKG:1196) expects a net loss attributable to shareholders of HK$860 to HK$890 million for the year ended Dec. 31, 2024, compared to a HK$76.7 million net profit a year prior, according to a Thursday bourse filing.
The company, engaged in environmental protection, said the losses were mainly due to the continuing operations' losses stemmed from a HK$132million receivables impairment and HK$221 million in holding company loan interest.
Additionally, there was a HK$ 260 million fair value loss on properties and HK$446 million in bank financing costs.
These losses were partially offset by a HK$ 43 million tax credit and a HK$110 million net exchange gain, the filing said.
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