Chinney Investments Warns of Significant Net Loss

Chinney Investments, Limited (HK:0216) has released an update.

Chinney Investments, Limited has issued a profit warning, forecasting a significant net loss of up to HK$75 million for the six months ending September 2024, compared to a HK$2 million loss in 2023. This is largely due to delayed property sales and a substantial fair value loss in investment properties, despite some gains from improved profits in an associated construction business. Investors are advised to exercise caution as the company finalizes its interim results.

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