HKR International Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2023. The Group estimates that it will record around a 57% decline in the underlying net profit excluding net unrealised gains/losses on fair value change of investment properties for the Year when compared to that reported for the year ended 31 March 2022. Such decline is primarily owing to: (i) decrease in the Group's revenue and profit from sale of properties as the pace of property sales in Hong Kong has slowed down considerably; (ii) rising interest rates leading to increase in the Group's finance costs; and (iii) continuous depreciation of Renminbi, Thai Baht and Japanese Yen during the Year leading to increase in the Group's net exchange losses arising from translating foreign currency denominated assets.
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5-day change | 1st Jan Change | ||
1.24 HKD | +0.81% | +1.64% | -16.22% |
Jan. 15 | HKR-Hysan JV Secures HK$2.5 Billion Credit Facility | MT |
2023 | HKR-Hysan JV Obtains HK$2.5 Billion Loan Facility | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-16.22% | 235M | |
+36.16% | 27.94B | |
-13.74% | 26.97B | |
+25.00% | 26.95B | |
-0.71% | 25.32B | |
+44.49% | 22.58B | |
+2.78% | 19.59B | |
+1.45% | 19.52B | |
+28.54% | 16.23B | |
-14.80% | 14.98B |
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- HKR International Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2023