Zhong Hua International Holdings Limited Issues FY2024 Loss Warning

Zhong Hua International Holdings Limited ( (HK:1064) ) has provided an update.

Zhong Hua International Holdings Limited has issued a loss warning for the fiscal year ending December 31, 2024. The company anticipates a net loss before taxation of approximately HK$60 million, a significant reduction from the HK$1.74 billion loss recorded in 2023. This improvement is primarily due to the absence of a loss on derecognition of a subsidiary and a decrease in the fair value loss of investment properties. However, there is a noted fair value change in equity interest from a gain in 2023 to a loss in 2024. The figures are provisional and subject to adjustments.

More about Zhong Hua International Holdings Limited

YTD Price Performance: 20.45%

Average Trading Volume: 387,516

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$40.74M

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