Chuang's Consortium International Limited Provides Unaudited Earnings Guidance for the Six Months Ended September 30, 2023
financial information currently available, the loss for the six months ended 30 September 2023 is principally attributable to (i) the recognition of a fair value loss of investment properties of the Group; (ii) the recognition of impairment provision for properties for/under development of the Group; and (iii) the recognition of an unrealized fair value loss on bond investments of the Group as a result of mark to market prices as at 30 September 2023.
Shareholders of the Company and potential investors should, however, note that the above factors are accounting loss with no immediate cash flow impact to the Group. Despite the Group is expected to record a loss for the six months ended 30 September 2023, the financial position of the Group remains healthy and sound.