Shenzhen Investment ( (HK:0604) ) has issued an update.
Shenzhen Investment Limited has issued a profit warning, indicating an expected unaudited consolidated net loss attributable to equity shareholders between approximately HK$1,000 million to HK$1,200 million for the fiscal year 2024. This anticipated increase in net loss is primarily due to a decrease in gross profit margin, increased losses from joint ventures and associates, a loss from changes in the fair value of investment properties, and an increase in impairment provisions for properties and related assets.
More about Shenzhen Investment
YTD Price Performance: 6.36%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.04B
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