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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.