Shunteng International Holdings(00932.HK): Annual Loss Expected to Narrow to HK$24 Million - HK$29 Million

NewTimeSpace News: Shunteng International Holdings (00932.HK) issued a profit forecast on June 15, 2026. Based on a preliminary review of the unaudited consolidated management accounts, the consolidated loss attributable to owners of the company for the current year is projected to be between HK$24 million and HK$29 million, narrowing from approximately HK$36 million recorded in the previous year.

The reduction in loss is mainly attributable to the eased downturn in Hong Kong's property market, which led to a substantial decrease of around HK$14 million in fair value loss on investment properties. This was partially offset by a slight drop of about HK$6 million in gross profit year on year.

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