China Ever Grand Financial Leasing Group Issues Profit Warning Amid Increased Losses

China Ever Grand Financial Leasing Group Co., Ltd. ( (HK:0379) ) has provided an announcement.

China Ever Grand Financial Leasing Group Co., Ltd. has issued a profit warning, anticipating a significant increase in net loss for the year ending December 31, 2024, with losses expected to range between HK$70 million and HK$90 million, compared to HK$37.3 million in the previous year. The increase in losses is attributed to substantial fair value losses on investment properties, shared losses of associates, and goodwill impairment losses. Stakeholders are advised to exercise caution when dealing with the company’s shares, as the final financial results may differ from the preliminary estimates.

More about China Ever Grand Financial Leasing Group Co., Ltd.

China Ever Grand Financial Leasing Group Co., Ltd. operates in the financial leasing industry, focusing on providing leasing services and investment management. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 153.33%

Average Trading Volume: 1,483,071

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$128.2M

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