
[Corporate Profit Warning] Z FIN expects mid-term losses to decrease to no more than 200 million yuan
According to a report from Economic Information Agency on the 14th, Z FIN announced that it expects a mid-term loss not to exceed HKD 200 million for the period ending June 30, narrowing from a loss of approximately HKD 507 million in the same period last year. The group indicated that the main reason for the reduction in losses was the recognition of a non-recurring fair value loss on convertible bonds of approximately HKD 490 million in the same period last year; during the period, profits from property sales and the fair value of investment properties significantly decreased. The group expects to announce its results on August 27. (wh)
According to a report from Economic Information Agency on the 14th, ZFIN (01168) announced that it expects a mid-term loss not exceeding HKD 200 million for the period ending June 30, narrowing from a loss of approximately HKD 507 million in the same period last year.
The group indicated that the main reason for the reduction in losses was the recognition of a non-recurring fair value loss on convertible bonds of approximately HKD 490 million in the same period last year; the profit from property sales and the fair value of investment properties significantly decreased during the period.
The group expects to announce its results on August 27. (wh)
