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LONGFOR GROUP Forecasts 2024 Profit Attributable to Owners of Company to Drop 20%
Recommend 5 Positive 7 Negative 5 |
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LONGFOR GROUP (00960.HK) has provided additional profit warning information, predicting a decrease of around 20% in profit attributable to the owners of the company for 2024, compared to RMB12.85 billion in 2023, mainly due to the decline in revenue recognized and gross profit margin recognized of the company's property development segment. The company had issued a profit warning earlier, expecting core profit for 2024 to drop by 35-40% compared to RMB11.35 billion in 2023, mainly due to the downturn in the real estate industry, which resulted in the decline in revenue recognized and gross profit margin recognized of the company's property development segment. AAStocks Financial News |
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