Hongkong Land Holdings Limited provided earnings guidance for the full year 2023. for the year, the company expects underlying profits to be moderately below the prior year. This is primarily due to a change in the timing of residential sales completions at West Bund, Shanghai, which will result in the profits from this part of the project moving to the first half of 2024, and write-downs in the investment value of two residential projects in Wuhan due to weaker than expected local market conditions.
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Mar. 08 | Hongkong Land Swings to Loss in 2023 as Revenue Slides | MT |
Mar. 08 | Transcript : Hongkong Land Holdings Limited, 2023 Earnings Call, Mar 08, 2024 |
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