Hanison Construction Expects Increased Loss Amid Property Market Challenges

Hanison Construction Holdings (HK:0896) has released an update.

Hanison Construction Holdings has issued a profit warning, expecting a net loss of up to HK$200 million for the six months ending September 2024, significantly higher than the HK$108.1 million loss reported in the same period last year. The anticipated losses are primarily attributed to a substantial revaluation loss of properties and increased interest expenses due to a challenging property market and high interest rates. Investors are advised to exercise caution when dealing in the company’s shares.

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