Emperor International Holdings Limited provided earnings guidance for the year ended 31 March 2023. For the year, the Group expects to record a net loss of not more than HKD 2,300 million (2022: HKD 740 million) for the year ended 31 March 2023 ("Year"), which is mainly due to (i) a decline in the sales revenue of the residential property development that can be recorded during the Year resulting in a drop in the Group's total revenue by approximately 50%; and (ii) a year-on-year significant increase in the fair value loss on investment properties. The Board is of the view that the fair value loss is a non-cash item and will not have a direct impact on the cash flow of the Group.
Emperor International Holdings Limited
Equities
163
BMG3036C2239
Real Estate Development & Operations
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5-day change | 1st Jan Change | ||
0.365 HKD | 0.00% | +1.39% | -5.19% |
04-18 | Emperor International Renews Financial Services Agreement with Affiliate | MT |
04-12 | Emperor International Arm Forms Realty Investment Fund | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-5.19% | 172M | |
+34.25% | 28.37B | |
-11.96% | 27.34B | |
+6.96% | 26.59B | |
+15.21% | 25.28B | |
+48.22% | 23.37B | |
+6.98% | 20.39B | |
+2.27% | 19.71B | |
+28.49% | 16.22B | |
-13.52% | 15.11B |
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- Emperor International Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2023