Xiwang Property Holdings Company Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the company expected to record a consolidated net loss of approximately RMB 7.0 million to RMB 9.0 million during the Current Year as compared with a consolidated net profit of approximately RMB 7.8 million during the year ended 31 December 2021. This is mainly attributable to the (i) decrease in the reversal of over-provision of land appreciation tax; (ii) increase in administrative expenses; and (iii) goodwill impairment in the Current Year when compared to the Previous Year.
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5-day change | 1st Jan Change | ||
0.071 HKD | +2.90% | +1.43% | +4.41% |
Mar. 26 | Xiwang Property Holdings Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Mar. 22 | Xiwang Property to Significantly Widen Losses in 2023 | MT |
1st Jan change | Capi. | |
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+4.41% | 12.8M | |
+8.16% | 4.19B | |
-25.04% | 824M | |
+0.57% | 537M | |
-20.36% | 490M | |
-13.64% | 444M | |
-9.89% | 443M | |
-0.60% | 273M | |
-4.85% | 231M | |
+17.11% | 230M |
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