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 | ||
0.037 HKD | 0.00% |
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-17.78% | -45.59% |
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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-45.59% | 6.68M | |
-15.85% | 919M | |
0.00% | 536M | |
-25.34% | 463M | |
-21.30% | 413M | |
-30.23% | 350M | |
+4.76% | 291M | |
+39.47% | 281M | |
-11.38% | 214M | |
+4.92% | 199M |
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