Playmates Holdings Projects First-Half Loss

Playmates Holdings (HK:0635) has released an update.

Playmates Holdings Limited expects to report a net loss of approximately HK$115 million for the first half of 2024, contrasting with a net profit of HK$139 million in the same period last year, primarily due to a revaluation deficit of its investment properties. Excluding this non-cash revaluation loss, the company’s operating profit is projected to be around HK$128 million, showing an improvement from HK$116 million year-on-year. The final interim results are pending and will be announced by the end of August 2024, with a cautionary note to shareholders and investors regarding the trading of company shares.

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