China South City Holdings Limited provided group earnings guidance for the year ended March 31, 2022, For the year, the company expected that the Group's profit will record a drop of about 70% compared to the year ended March 31, 2021; the expected decrease in profit is mainly due to decline in average selling price of properties delivered during the year, resulting in the decrease in the gross profit margin; the decline in commercial properties leasing demand in the midst of the COVID-19 pandemic and depressed macro market environment, resulting in a decrease in fair value gain on investment properties; increase in finance cost; and increase in the provision for inventory impairment.
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5-day change | 1st Jan Change | ||
0.225 HKD | +2.74% | -7.41% | -25.00% |
06-05 | China South City Creditors File Case Against Largest State-Owned Shareholder | MT |
06-04 | Creditors file lawsuit against defaulted Chinese developer's state shareholder | RE |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-25.00% | 330M | |
+30.61% | 26.94B | |
+3.93% | 26.56B | |
-12.85% | 25.79B | |
+16.11% | 25B | |
+11.63% | 21.52B | |
+35.64% | 21.27B | |
-6.57% | 17.81B | |
+40.04% | 17.07B | |
+5.25% | 17.06B |
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