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Central Development Holdings Limited ( (HK:0475) ) has provided an update.
Central Development Holdings Limited has issued a profit warning, indicating an expected decrease in net loss for the year ended March 31, 2025, compared to the previous year. The anticipated reduction in loss is attributed to favorable net fair value changes in derivative financial instruments related to the company’s convertible bond. Despite the improvement, the company emphasizes its stable financial position and sufficient cash resources. The final audited results are pending, and stakeholders are advised to exercise caution.
More about Central Development Holdings Limited
Central Development Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong and engages in various business activities, although specific industries or market focuses are not detailed in the announcement.
Average Trading Volume: 141,500
Technical Sentiment Signal: Hold
Current Market Cap: HK$239M
Learn more about 0475 stock on TipRanks’ Stock Analysis page.