Road King Infrastructure Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the Group is expected to record a net loss ranging from approximately HKD 800 million to HKD 900 million and a net loss attributable to owners of the Company ranging from approximately HKD 1,200 million to HKD 1,300 million for the six months ended 30 June 2023. The net loss for the Period is primarily attributable to: (i) the severe operating environment in the real estate industry, causing the reduction in profit margin of the property projects and the increase in impairment provision for properties and related assets; and (ii) the exchange loss of approximately HKD 500 million arisen from the continuous depreciation of Renminbi during the Period.
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5-day change | 1st Jan Change | ||
1.1 HKD | +2.80% | +6.80% | -24.14% |
Apr. 02 | Road King Infrastructure Extends Long Stop Date for Unit's Sale | MT |
Mar. 20 | Road King Infrastructure Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-24.14% | 105M | |
+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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