Luks Group (Vietnam Holdings) Company Limited provided group earnings guidance for the year ended 31 December 2023. for the year, Group is expected to record a net loss for the year ended 31 December 2023 ranging from HKD 80 million to HKD 120 million as compared to a net profit recorded for the year ended 31 December 2022 of approximately HKD 48,498,000. The loss was primarily attributable to:- (i) Due to continuous losses of the Group's cement business in past two years, and according to an independent valuer's assessment, the recoverable amount of the cash-generating unit of the cement business has significantly reduced and thus, a provision for impairment loss on the Group's properties, plants and equipment was made thereof; and (ii) The Group recorded lesser fair value gains on investment properties for the year ended 31 December 2023, as compared to the year of 2022.
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0.88 HKD | +3.53% | +4.76% | -7.37% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-7.37% | 54.68M | |
+19.96% | 48.57B | |
+2.33% | 15.76B | |
-1.33% | 15.37B | |
-10.88% | 11.14B | |
+31.48% | 9B | |
+105.28% | 7.97B | |
-3.89% | 7.71B | |
-5.31% | 7.56B | |
+26.94% | 6.86B |
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- Luks Group (Vietnam Holdings) Company Limited Provides Group Earnings Guidance for the Year Ended 31 December 2023