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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5-day change | 1st Jan Change | ||
0.013 HKD | -7.14% | -.--% | -.--% |
Apr. 18 | SRE Group's H1 2023 Loss More Than Doubles Despite Higher Revenue | MT |
Apr. 17 | SRE Group Limited Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
1st Jan change | Capi. | |
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-.--% | 34.15M | |
+36.16% | 27.94B | |
-12.43% | 26.97B | |
+22.16% | 26.95B | |
+2.50% | 25.32B | |
+44.49% | 22.58B | |
+2.78% | 19.59B | |
+5.96% | 19.52B | |
+28.54% | 16.23B | |
-13.65% | 14.98B |
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- SRE Group Limited Provides Earnings Guidance for the Year Ended December 31, 2022