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Chinney Investments, Limited ( (HK:0216) ) has issued an announcement.
Chinney Investments, Limited has issued a profit warning, indicating an expected net loss attributable to shareholders between HK$560 million and HK$580 million for the year ended 31 March 2025. This significant increase in losses is attributed to deferred contract sales from a residential project, substantial net fair value losses on investment properties due to market adjustments, and amortization of goodwill. Despite these challenges, the company maintains a healthy overall operation, financial position, and cash flow.
More about Chinney Investments, Limited
Chinney Investments, Limited is a company incorporated in Hong Kong, operating in the investment and property sectors. The company focuses on investment properties and residential projects, with a significant market presence in Hong Kong and Mainland China.
Average Trading Volume: 102,000
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$330.8M
For a thorough assessment of 0216 stock, go to TipRanks’ Stock Analysis page.