Sandmartin International Holdings Ltd. Issues Profit Warning, Expects Reduced Losses for 2024

Reuters

Sep 10

Sandmartin International Holdings Ltd. Issues Profit Warning, Expects Reduced Losses for 2024

Sandmartin International Holdings Ltd. has issued a profit warning, indicating a consolidated net loss of not less than HK$55 million for the year ending December 31, 2024. This marks an improvement from the previous year's net loss of approximately HK$136.63 million. The reduction in losses is primarily attributed to an increase in the fair value of the Group's investment properties. Trading of the company's shares on the Hong Kong Stock Exchange has been suspended since April 1, 2025. The company is working to meet the resumption guidance provided by the Stock Exchange and will update shareholders and investors on its progress.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sandmartin International Holdings Ltd. published the original content used to generate this news brief on September 10, 2025, and is solely responsible for the information contained therein.

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.

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Issues Profit Warning, Expects Reduced Losses for 2024","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Sandmartin International Holdings Ltd. Issues Profit Warning, Expects Reduced Losses for 2024\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Sandmartin International Holdings Ltd. has issued a profit warning, indicating a consolidated net loss of not less than HK$55 million for the year ending December 31, 2024. This marks an improvement from the previous year's net loss of approximately HK$136.63 million. The reduction in losses is primarily attributed to an increase in the fair value of the Group's investment properties. Trading of the company's shares on the Hong Kong Stock Exchange has been suspended since April 1, 2025. 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Issues Profit Warning, Expects Reduced Losses for 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-10 21:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Sandmartin International Holdings Ltd. Issues Profit Warning, Expects Reduced Losses for 2024\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Sandmartin International Holdings Ltd. has issued a profit warning, indicating a consolidated net loss of not less than HK$55 million for the year ending December 31, 2024. This marks an improvement from the previous year's net loss of approximately HK$136.63 million. The reduction in losses is primarily attributed to an increase in the fair value of the Group's investment properties. Trading of the company's shares on the Hong Kong Stock Exchange has been suspended since April 1, 2025. 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