Xiwang Property Holdings Company Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the company expected to record a consolidated net loss of approximately RMB 7.0 million to RMB 9.0 million during the Current Year as compared with a consolidated net profit of approximately RMB 7.8 million during the year ended 31 December 2021. This is mainly attributable to the (i) decrease in the reversal of over-provision of land appreciation tax; (ii) increase in administrative expenses; and (iii) goodwill impairment in the Current Year when compared to the Previous Year.
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5-day change | 1st Jan Change | ||
0.055 HKD | -1.79% |
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-12.70% | -19.12% |
Mar. 26 | Xiwang Property Holdings Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Mar. 22 | Xiwang Property to Significantly Widen Losses in 2023 | MT |
1st Jan change | Capi. | |
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-19.12% | 10.1M | |
+8.16% | 4.17B | |
-0.28% | 532M | |
-18.94% | 497M | |
-17.80% | 404M | |
-23.31% | 385M | |
+4.88% | 287M | |
+22.37% | 239M | |
-10.91% | 218M | |
-9.43% | 199M |
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