SEA Holdings Forecasts Major Loss Reduction

SEA Holdings Ltd. (HK:0251) has released an update.

SEA Holdings Limited has announced an expected substantial decrease in its losses for the first half of 2024, estimating a loss of around HK$70 million, a significant improvement from the HK$437 million loss in the same period the previous year. The improvement is mainly due to the absence of fair value loss on UK investment properties and no impairment loss on listed debt securities investments. Shareholders and potential investors are cautioned to be prudent when trading the company’s shares.

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