SHENZHEN INVEST (00604) Issues Profit Warning, Anticipates Consolidated Loss Attributable to Shareholders of Approximately HK$4.3-4.5 Billion for Fiscal 2025
Stock News
Mar 24
SHENZHEN INVEST (00604) announced that the group expects to record an unaudited consolidated loss attributable to equity shareholders of between approximately HK$4.3 billion and HK$4.5 billion for the fiscal year ending December 31, 2025. This compares to an audited consolidated loss attributable to equity shareholders of approximately HK$1.823 billion for the fiscal year ended December 31, 2024. The significant anticipated increase in net loss attributable to shareholders is primarily due to (i) an increased share of loss from an associate in the 2025 fiscal year; (ii) higher impairment provisions made for real estate projects during the 2025 fiscal year; and (iii) an increased loss arising from fair value changes on investment properties recorded in the 2025 fiscal year.
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