Chinese Estates Forecasts Swing to Loss in 2024

MT Newswires Live

2025/02/21

Chinese Estates (HKG:0127) expects an attributable loss of between HK$2 billion and HK$2.2 billion in 2024, compared with an attributable profit of HK$77 million a year prior, a Friday filing with the Hong Kong bourse said.

The property developer attributed the anticipated loss mainly to a decrease in the fair value of investment properties.

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