Lippo China Res-NEW Issues Profit Warning, Anticipates HK$60 Million Comprehensive Loss for 2025

Stock News
Mar 25

Lippo China Res-NEW (00156) has announced an expected consolidated loss attributable to shareholders of approximately HK$60 million for the fiscal year ending December 31, 2025. This compares to a consolidated loss of HK$684 million recorded in the previous fiscal year ended December 31, 2024.

The projected improvement in the loss position is primarily attributed to several factors. These include a net fair value gain of about HK$4 million on financial instruments at fair value through profit or loss for the 2025 fiscal year, a reversal from the net fair value loss of HK$63 million recorded in the 2024 fiscal year. Additionally, a tax provision of approximately HK$104 million was reversed during the current year.

Other contributing factors to the reduced loss include a HK$386 million litigation settlement amount recognized in 2024, a decrease in other operating expenses, and the net change in fair value of the group's financial instruments classified at fair value through profit or loss, alongside the aforementioned tax provision reversal.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

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