TAN Chong International said on Wednesday (Jan 8) that it expects to record an unaudited unrealised loss of HK$29 million (S$5.1 million) on its investments designated at fair value through other comprehensive income, for the year ended Dec 31, 2024.
This is lower than the audited unrealised gain of HK$270 million for the corresponding period in 2023.
The loss is due to share price changes of its listed investments, “which are marked to market and therefore unrealised”, said the group.
The unrealised loss will be reported in its other comprehensive income statement for the period.
It is not expected to be reclassified to the group’s consolidated statement of profit or loss.
Tan Chong added that this information has not been confirmed or audited by the company’s auditors, and may be subject to adjustment after further internal review.
The group’s financial performance is expected to be published before the end of March 2025.
Shares of Tan Chong closed flat at HK$1.04 on Wednesday.
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