Property developer Eminence Enterprise (HKG:0616) expects a net loss of at least HK$300 million for the year ended March 31, up from HK$213.1 million a year prior, a Tuesday Hong Kong bourse filing said.
The wider anticipated loss was mainly due to higher losses on changes in fair value and disposal of investment properties, a rise in the write-down on properties held for sale, a higher loss on changes in fair value of financial assets, and higher finance costs among other factors.
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.