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An update from China New City Commercial Development Ltd ( (HK:1321) ) is now available.
China New City Group Limited has announced a positive profit alert, expecting a net profit between RMB400 million and RMB500 million for FY2024, a significant turnaround from a net loss of RMB425.1 million in FY2023. This improvement is attributed to strong sales performance from the International Office Centre project and enhanced cost control efficiency.
More about China New City Commercial Development Ltd
YTD Price Performance: -25.56%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €158.9M
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