Liu Chong Hing Expects Increased H1 Losses

Liu Chong Hing Investment Limited (HK:0194) has released an update.

Liu Chong Hing Investment Limited has issued a profit warning, alerting shareholders and potential investors to an anticipated loss of HK$400-420 million for the first half of 2024, which represents an increase from the loss recorded in the same period of the previous year. This anticipated loss is primarily due to a fair value loss in investment properties. While these figures are preliminary and unaudited, the company assures that its overall financial and business position remains stable.

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