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Safety Godown Co., Ltd. ( (HK:0237) ) has issued an announcement.
Safety Godown Company, Limited has issued a profit warning, indicating a significant increase in its expected loss before tax for the fiscal year ending March 31, 2025, which is projected to be no more than HK$260 million. This increase in loss is primarily due to a substantial fair value loss from the revaluation of its investment properties, amounting to approximately HK$395 million. Despite this, the company’s revenue remains comparable to the previous year, with some offset from increased non-operating investment gains. Stakeholders are advised to exercise caution when dealing with the company’s securities, as the final audited results are yet to be published.
More about Safety Godown Co., Ltd.
Safety Godown Company, Limited is a Hong Kong-based company primarily engaged in the management and leasing of godown and warehouse facilities. The company also invests in properties and securities, focusing on maximizing returns from its real estate and investment portfolios.
Average Trading Volume: 34,178
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$753.3M
Learn more about 0237 stock on TipRanks’ Stock Analysis page.