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ZHONGZHENG INTL: Annual Report 2023/2024
ZHONGZHENG INTL: PRELIMINARY RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2024
Zhongzheng International Expects to Swing to Loss for FY Ended June >0943.HK
Zhongzheng International Sees FY24 Loss HK$680.0M-Loss HK$720.0M >0943.HK
In the profit warning, zhongzheng intl (00943.HK) is expected to incur a loss of at least 0.68 billion yuan for the whole year.
zhongzheng intl (00943.HK) issued a profit warning, expecting a loss between 0.68 billion and 0.72 billion yuan for the fiscal year ending in June, compared to a profit of 69 million yuan in the same period last year. The expected loss is mainly due to significant decrease in gross profit; impairment losses on investments in associates; impairment losses on receivables from associates; impairment losses on developmental properties held for sale; increase in financing costs; and share of losses of associates.
zhongzheng intl (00943) issued a profit warning, expecting a comprehensive loss attributable to owners of the company for the year of 0.68 billion-0.72 billion Hong Kong dollars, turning from profit to loss year-on-year.
zhongzheng intl (00943) announced that the group expects to achieve the company's ownership by the end of the fiscal year ending June 30, 2024...
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