Ajisen (China) (HKG:0538) expects an attributable loss of up to 40 million yuan for the year 2024, compared with an attributable profit of 181.2 million yuan a year prior, a Wednesday filing with the Hong Kong bourse said.
The restaurant operator attributed the anticipated loss mainly to a revaluation loss on investment properties, as well as a lower profit from the catering business.
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.