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Zhongchang International Issues Profit Warning Amid Increased Losses

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Zhongchang International Issues Profit Warning Amid Increased Losses

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Zhongchang International Holdings Group Limited ( (HK:0859) ) has shared an announcement.

Zhongchang International Holdings Group Limited has issued a profit warning, indicating an expected loss of approximately HK$176.7 million for the fiscal year 2024, a significant increase from the HK$72.9 million loss reported in 2023. This decline is attributed mainly to the fair value loss on investment properties in Hong Kong, and the final results may vary as the accounts are yet to be finalized and audited.

More about Zhongchang International Holdings Group Limited

Zhongchang International Holdings Group Limited is a company incorporated in Bermuda, primarily engaged in investment properties in Hong Kong.

Technical Sentiment Signal: Strong Buy

Current Market Cap: €15.37M

Learn more about 0859 stock on TipRanks’ Stock Analysis page.

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