Chinlink Expects Significant Annual Losses

Chinlink International Holdings Limited (HK:0997) has released an update.

Chinlink International Holdings Limited has issued a profit warning, anticipating a consolidated loss of not less than HK$380 million for the fiscal year ending March 31, 2024. This loss is primarily due to decreased revenue from financial and property investment services, a substantial loss on investment properties’ value, and an increase in credit loss allowances in China’s challenging economic environment. The company advises shareholders and potential investors to exercise caution and await the final results to be published before June 2024.

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