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 | ||
0.051 HKD | +2.00% | +18.60% | -25.00% |
03-26 | Xiwang Property Holdings Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
03-22 | Xiwang Property to Significantly Widen Losses in 2023 | MT |
1st Jan change | Capi. | |
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-25.00% | 9.02M | |
+4.27% | 4.12B | |
-14.01% | 961M | |
+1.42% | 540M | |
-18.94% | 500M | |
-6.50% | 458M | |
-10.11% | 456M | |
-0.71% | 273M | |
-2.15% | 240M | |
+15.79% | 227M |
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