Separately, the company expects to complete two proposed disposals in December, namely, the Sir Stamford property at Circular Quay in Sydney, Australia and another proposed disposal of the Stamford Plaza Auckland in Auckland, New Zealand
Stamford Land Corporation has issued a profit warning for its 1HFY2023 ending September, with the company management saying that it is expecting to record a net loss for the half.
The net loss is mainly attributed to foreign exchange losses and fair value loss on its investment property in London, United Kingdom.
