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127 — Chinese Estates Holdings News Story

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Chinese Estates Holdings H1 loss narrows

Chinese Estates Holdings H1 loss narrows


Overview

  • Hong Kong property investor's H1 revenue was nearly flat yr/yr

  • Company posted HK$200 mln net loss attributable to owners, narrowing from prior year


Outlook

  • Company did not provide specific financial outlook


Result Drivers

  • PROPERTY REVALUATION LOSSES – Net loss narrowed to HK$200.5 mln, mainly due to lower investment-property fair-value losses

  • PROPERTY LEASING AND INVESTMENT INCOME - Co said revenue was mainly from property leasing, property management, and investment income


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$133.80 mln

H1 Net Loss Attributable

HK$200.50 mln


Reuters Recommended Reads

  • Aug 18 - China Merchants Land H1 revenue falls on lower floor area completion

  • Aug 18 - Hong Kong's Prosperity REIT H1 revenue falls 2.7% on office market pressure

  • Aug 17 - Shein cuts company valuation to around $25 billion in Hong Kong IPO, sources say


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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