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SOCAM expects HK$28 million-HK$33 million interim net profit, swings from loss
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SOCAM expects HK$28 million-HK$33 million interim net profit, swings from loss
  • SOCAM forecast net profit attributable to owners of HK$28 million-HK$33 million for the six months ended June 30, 2026.
  • That compares with a net loss of about HK$83 million a year earlier.
  • Property disposal and impairment losses on China inventory seen at about HK$5 million, down from about HK$59 million.
  • Finance costs expected to fall by about HK$17 million on lower borrowings, lower interest rates.
  • Foreign exchange gain estimated at about HK$87 million versus about HK$34 million, as RMB rose 3.8% against HKD.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SOCAM Development Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260805-12273581), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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