China South City Warns of 2024 Loss

MT Newswires Live

2025/03/25

China South City (HKG:1668) is expecting to book a loss after tax from HK$8.0 billion to HK$9.0 billion in 2024, according to a filing with the Singapore Exchange on Monday.

The company has attributed this to an increase in provision for inventory impairment, a reversal of deferred tax assets, an uptick in finance cost, as well as fair value losses on investment properties.

The company will publish its financial statements around March 28, the filing added.

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