Grand Field (HKG:0115) expects its attributable loss to widen to between HK$250 million and HK$260 million in 2024 from HK$47 million in 2023, according to a Wednesday filing with the Hong Kong bourse.
The property developer attributes the wider loss to an 11% decline in revenue due to the lower performance of its general trading business, as well as aa lower gross profit margin, and one-off fair value loss on investment properties and impairment losses, the filing said.
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