Wing On Co. International Forecasts Swing to Loss in 2024

MT Newswires Live
06 Feb

Wing On Co. International (HKG:0289) expects a loss attributable to shareholders of HK$919.4 million for 2024, against a profit of HK$123.4 million logged for 2023, a Thursday bourse filing said.

The department store company attributed the expected loss to an increase in loss recorded from its department store operations during the reporting year and an increase in valuation loss from the group's investment properties.

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