Regarding the Manila DC recovery, IEC has issued a favorable profit alert.

Prasanth3

"International Entertainment Corporation (IEC) has issued a profit alert for the fiscal year ending on June 30, 2023, with an expected minimum profit of HKD 15 million (approximately USD 1.9 million). This surplus is anticipated to offset the losses disclosed to company shareholders in the 2022 fiscal year, which amounted to HKD 256.7 million (approximately USD 32.7 million).

According to documents filed with the Hong Kong Stock Exchange, this improvement is primarily attributed to the expansion of IEC's gaming and hotel operations in the Philippines.

Fair value gains from investment properties are also recorded in the annual filings. In contrast, fair value losses in the 2022 fiscal year were approximately HKD 121 million (approximately USD 15.5 million), which was also a contributing factor.

Recently, IEC announced an agreement with Malaysian gaming equipment distributor RGB to purchase 382 slot machines for the new Coast Hotel Casino. The full financial report is scheduled for release on September 28, 2023."

divya939393

Profit alerts, which are favorable, should indeed be good news.

Yamini003

A 'profit alert,' what is the situation here?

Niti998

The fact that we are still in the recovery phase even after such a long time since the pandemic shows that the impact has been significant.

Jatin255

Profit alerts, what are they for? It's all just data; there's no need for alerts.