VANKE OVERSEAS (01036) Issues Profit Warning, Expects Shareholder Loss of Approximately HK$101 Million in First Half

Stock News
Aug 15

VANKE OVERSEAS (01036) announced that the group expects to record a shareholder loss of approximately HK$101 million for the first half of 2025, compared to a shareholder loss of approximately HK$29 million in the first half of 2024.

The board of directors attributes the shareholder loss during this period primarily to increased fair value losses on the group's investment properties. The fair value losses are non-cash items and do not impact the group's operating cash flow.

Facing market volatility, the company remains committed to maintaining financial stability. Based on information available to the company as of the date of this announcement, which has not been reviewed by the company's auditors, the company currently maintains a net debt ratio of zero and continues to uphold financial stability.

The company's business operations remain in good condition, and the group expects its investment properties to maintain stable operations in the second half of 2025.

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