ASIASEC PPT (00271.HK): Expects Interim Net Loss to Widen to Approximately HK$ 110-120 Million on Lower Investment Property Fair Value
NewTimeSpace News: On 12 August 2026, Asia Properties & Finance (00271.HK) issued a profit warning. The Group expects the net loss for the six-month period ending 30 June 2026 to range from approximately HK$110 million to HK$120 million, widening from around HK$63 million in the corresponding period of 2025, mainly due to a larger fair value reduction of investment properties.
NewTimeSpace News: On 12 August 2026, Asia Properties & Finance Limited (Stock Code: 00271) issued a profit warning. The Group expects the net loss for the six-month period ending 30 June 2026 to range from approximately HK$110 million to HK$120 million, compared with a net loss of around HK$63 million in the corresponding period of 2025.
According to the announcement, the deterioration in performance is mainly attributable to a larger fair value decrease of investment properties recorded during the reporting period relative to the same period last year. The relevant figures are based on preliminary assessment of the unaudited consolidated management accounts and have not been reviewed by the auditors or the audit committee, and are subject to adjustment. The interim results will be published within the time limit required by the Listing Rules.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
Tags：
