Art Group Holdings Limited provides earnings guidance for the year ended 30 June 2022. It is expected that the Group may record a net loss of not less than HKD 88 million for the year ended 30 June 2022, as compared to a net loss of approximately HKD 228 million for the year ended 30 June 2021. The Board believes that such net loss is primarily due to (i) a loss on fair value of the Group's investment properties of approximately HKD 162 million incurred for the year ended 30 June 2022 as a result of the ongoing COVID-19 pandemic spreading across the globe since the beginning of 2020, causing the carrying value of the investment properties continue to drop; and (ii) an impairment loss of loan receivable of approximately HKD 51 million, of which, the loan had been extended one more year after its initial maturity date on 27 April 2022.
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5-day change | 1st Jan Change | ||
0.17 HKD | +0.59% | +0.59% | -49.25% |
Feb. 29 | Art Group Holdings Narrows Fiscal H1 Loss | MT |
Feb. 29 | Art Group Holdings Limited Reports Earnings Results for the Half Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-49.25% | 58.24M | |
+17.32% | 29.15B | |
-5.15% | 27.94B | |
+26.23% | 26.02B | |
+16.84% | 24.95B | |
+40.97% | 22.49B | |
+20.06% | 22.19B | |
-4.42% | 18.48B | |
+13.13% | 16.73B | |
+9.98% | 16.19B |
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