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<Profit Warning>CHINA SCE GROUP Sees Half-yr Profit Slide to Max. RMB1.3B
Recommend 3 Positive 7 Negative 4 |
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CHINA SCE GROUP (01966.HK) issued a profit warning. The Group is expected to record a profit ranging from RMB1.2 billion to RMB1.3 billion for the six months ended 30 June 2022, as compared to a profit of RMB2.377 billion for the six months ended 30 June 2021. Such expected decrease is primarily attributable to the decrease in the area of properties delivered as a result of delay in construction progress of projects during the COVID-19 lockdown in certain cities in Mainland China and the decrease in gross profit margin as a result of the decline in unit selling prices of properties delivered due to the downturn in the property market. AAStocks Financial News |
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