SRE Group Limited provided earnings guidance for the year ended December 31, 2022. FOr the year, the company expected to record a loss attributable to Shareholders of around RMB300 million, as compared with a profit of RMB38 million for the corresponding period in 2021 (``FY2021''). The performance of the Group is expected to have a turnaround to loss in Fiscal Year 2022, mainly attributable to (1) a lower revenue and profit recognised from property sales, rentals and operations due to the resurgence of the COVID-19 pandemic and the corresponding preventive and control measures imposed by the local government in the People's Republic of China in Fiscal Year 2022, especially the COVID-19 lockdowns in Shanghai during the second quarter of Fiscal Year 2022; and (2) a decrease in profit from investment business in Fiscal Year 2022.
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0.013 HKD | -7.14% | -.--% | -.--% |
May. 13 | SRE Group Delays Dispatch of Circular for Disposal of Stake in Two Firms | MT |
May. 13 | SRE Shareholders to Vote May 29 on Stake Disposal in Shanghai Builder | MT |
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- SRE Group Limited Provides Earnings Guidance for the Year Ended December 31, 2022