China South City Holdings Limited provided group earnings guidance for the year ended March 31, 2022, For the year, the company expected that the Group's profit will record a drop of about 70% compared to the year ended March 31, 2021; the expected decrease in profit is mainly due to decline in average selling price of properties delivered during the year, resulting in the decrease in the gross profit margin; the decline in commercial properties leasing demand in the midst of the COVID-19 pandemic and depressed macro market environment, resulting in a decrease in fair value gain on investment properties; increase in finance cost; and increase in the provision for inventory impairment.
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5-day change | 1st Jan Change | ||
0.29 HKD | -6.45% | +49.48% | -3.33% |
Apr. 30 | China South City Appoints Financial, Legal Advisors to Tackle Offshore Debt | MT |
Apr. 03 | China South City Holdings Limited Announces Management Changes | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-3.33% | 454M | |
+10.00% | 28.66B | |
+25.36% | 26.77B | |
-7.82% | 25.83B | |
+15.51% | 24.86B | |
+43.59% | 22.8B | |
+9.88% | 21.41B | |
+0.63% | 19.61B | |
+24.77% | 16.36B | |
-10.20% | 15.93B |
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- China South City Holdings Limited Provides Group Earnings Guidance for the Year Ended March 31, 2022