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China South City Holdings Limited ( (HK:1668) ) has provided an announcement.
China South City Holdings Limited has issued a profit warning, indicating an expected loss after tax between HK$8.0 billion and HK$9.0 billion for the fiscal year ending December 31, 2024. This anticipated loss is attributed to increased provisions for inventory impairment, reversal of deferred tax assets, higher finance costs due to reduced interest capitalization on properties under development, and fair value losses on investment properties. The company’s results announcement is expected by March 28, 2025, and stakeholders are advised to exercise caution when dealing with the company’s securities.
More about China South City Holdings Limited
YTD Price Performance: -5.56%
Average Trading Volume: 10,000
Technical Sentiment Signal: Buy
Current Market Cap: €227M
Learn more about 1668 stock on TipRanks’ Stock Analysis page.