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.)
Recent news on Chinese Estates Holdings
See all newsChinese Estates Holdings H1 loss narrows
Brief: Chinese Estates Holdings Posts H1 Net Income Attributable HKD -200.5 Million
Brief: Chinese Estates Logs FY Loss HK$388.2 Mln
Brief: Chinese Estates Expects 75%-85% Reduction In Loss For FY
Brief: Chinese Estates Says Term Loan Facility Agreement For HK$8 Billion