Brief: Chinese Estates Expects FY Loss Of HK$3.20 Bln-HK$3.80 Bln

Chinese Estates Holdings

14/03/2022 08:45

March 14 (Reuters) - Chinese Estates Holdings Ltd  0127.HK :
    * SEES LOSS RANGING FROM HK$3.20 BILLION TO HK$3.80 BILLION
FOR
YEAR
    * SEES SUBSTANTIAL DECLINE IN REVENUE RANGING FROM 52% TO
62%  FOR
YEAR
    * MAY RECORD AN EXPENSE ON FAIR VALUE CHANGE OF EVERGRANDE
SHARES
OF APPROXIMATELY HK$10.92 BILLION FOR YEAR
    * MAY RECORD AN EXPENSE IN CONSOLIDATED OTHER COMPREHENSIVE
EXPENSES FOR YEAR
    * EXPECTED RESULT DUE TO DECREASED REVENUE, PROFIT FROM
DIVIDEND
INCOME FROM LISTED AND UNLISTED EQUITY INVESTMENTS AMONG OTHERS

Further company coverage:  0127.HK 

 ((Reuters.Briefs@thomsonreuters.com;))