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<Warning>SHENZHEN INVEST Warns of Interim Loss HKD2.7B Max. Due to Impairment Loss on ROAD KING INFRA
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SHENZHEN INVEST (00604.HK) announced that after taking into account the impairment loss of the carrying amount of its interest in ROAD KING INFRA (01098.HK) as at June 30, 2025, the group is expected to record an unaudited consolidated net loss attributable to equity shareholders in the range of around HKD2.5-2.7 billion for the six months ended June 30, 2025, compared to the unaudited consolidated net loss attributable to equity shareholders of around HKD1.1 billion for the same period last year. The expected significant increase in net loss attributable to equity shareholders is primarily due to a substantial impairment loss being recognized on ROAD KING INFRA for the period and an increase in share of loss of ROAD KING INFRA by the group for the period. With the sufficient provision for impairment loss made on SHENZHEN INVEST's long-term equity investment on ROAD KING INFRA, the performance of ROAD KING INFRA will not have a significant negative impact on the group going forward. AAStocks Financial News |
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