Macau Legend forecasts HKD640m loss for FY24
Macau Legend expects a HKD640 million loss for FY24, compared with a HKD4.9 million loss in 2023, the company said. It expects impairment losses related to investment projects in Macau and Cape Verde; the company said these non-cash items will affect reported performance but not cash flow or operations.
The forecast signals a sharp deterioration in reported results and reflects impairment exposure tied partly to the Cape Verde project.