SOCAM Development Limited provides earnings guidance for the six months ended June 30, 2014. The group expects to record an increase in net loss for the six months ended June 30, 2014, as compared to the restated net loss of HKD 74 million (as restated for the group's share of loss of Lafarge Shui On Cement Limited of HKD 127 million) for the corresponding period in 2013. The expected increase in net loss for the six months ended 30 June 2014 is mainly attributable to (i) slowdown in the disposal of the Group's property projects and inventories amid the unfavorable property market sentiment in the Chinese Mainland and impending restructuring of the Group; and (ii) exchange loss incurred by the Group's property projects in the Chinese Mainland as a result of the depreciation of Renminbi during the current period under review, as compared to the appreciation for the last interim period.
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Other stock markets
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5-day change | 1st Jan Change | ||
0.54 HKD | 0.00% |
|
-1.82% | -26.03% |
04-30 | SOCAM Development to Hike Stake in Subsidiary | MT |
03-27 | SOCAM Development Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-26.03% | 25.81M | |
-7.83% | 68.29B | |
+0.43% | 58.15B | |
+25.72% | 39.43B | |
+16.63% | 32.22B | |
+9.21% | 28.61B | |
+17.61% | 21.32B | |
+12.43% | 18.85B | |
+45.11% | 17.73B | |
+75.83% | 17.67B |
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