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 | ||
0.27 HKD | 0.00% | -10.00% | -10.00% |
Apr. 30 | China South City Appoints Financial, Legal Advisors to Tackle Offshore Debt | MT |
Apr. 03 | China South City Holdings Limited Announces Management Changes | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-10.00% | 410M | |
+8.57% | 27.9B | |
-11.07% | 26.96B | |
+20.94% | 25.34B | |
+12.09% | 25.09B | |
+11.63% | 22.23B | |
+31.88% | 20.63B | |
-2.27% | 18.51B | |
+4.75% | 17.31B | |
+26.62% | 16.15B |
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- China South City Holdings Limited Provides Group Earnings Guidance for the Year Ended March 31, 2022