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Zhong Jia Guo Xin Holdings Issues Profit Warning Amid Rising Costs

Story Highlights
  • Zhong Jia Guo Xin Holdings expects a significant net loss for the year ending March 2025.
  • The loss is due to increased costs, fair value changes, and higher impairment losses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhong Jia Guo Xin Holdings Issues Profit Warning Amid Rising Costs

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The latest update is out from Asia Resources Holdings Limited ( (HK:0899) ).

Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, has issued a profit warning, expecting a significant increase in net loss for the year ending March 31, 2025. The anticipated loss of not less than HK$450 million is attributed to increased costs from the initial stages of commercial water mining production, losses from changes in the fair value of investment properties, and higher impairment losses on intangible assets and interests in associates. Stakeholders are advised to exercise caution when dealing with the company’s securities.

More about Asia Resources Holdings Limited

Average Trading Volume: 5,103,391

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$105.4M

Learn more about 0899 stock on TipRanks’ Stock Analysis page.

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