CSI Properties Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2025. The Group is expected to record a consolidated loss attributable to owners of the Company in the range of approximately HKD 1,650 million to HKD 1,700 million for the year ended 31 March 2025, as compared to a consolidated loss attributable to owners of the Company of HKD 426 million for the year ended 31 March 2024. The consolidated loss is primarily attributable to the aggregate of (i) decrease in revenue from the sale of properties; and (ii) adverse changes in the fair value of the Group's investment properties, write-down of Group's properties held for sale and the impairment provisions for joint ventures and associates' properties for the year ended 31 March 2025 which is estimated to be approximately HKD 1,150 million based on the preliminary findings from the annual independent revaluation.
Changes in the fair value of investment properties, write-down of properties held for sale and impairment provisions for joint ventures and associates' properties are non-cash items which will not have an impact on the operating cash flow of the Group. The overall financial, business and trading positions of the Group remain healthy.
