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An announcement from Tern Properties Co. Ltd. ( (HK:0277) ) is now available.
Tern Properties Company Limited has issued a profit warning, indicating a significant anticipated loss of approximately HK$49.2 million for the fiscal year ending March 31, 2025, compared to a loss of HK$5.6 million in the previous year. This substantial loss is primarily due to a fair value loss on investment properties and an impairment loss on debt instruments. The company’s final audited results are pending, and stakeholders are advised to exercise caution.
More about Tern Properties Co. Ltd.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$499M
Learn more about 0277 stock on TipRanks’ Stock Analysis page.