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An announcement from China Tangshang Holdings Limited. ( (HK:0674) ) is now available.
China Tangshang Holdings Limited has issued a profit warning, indicating an expected loss of approximately HK$70.0 million to HK$75.0 million for the fiscal year ending March 31, 2025, a reduction from the previous year’s loss of HK$113.5 million. The anticipated loss is attributed to a sluggish property development market, lower income and profit margins, asset impairment provisions, and changes in the fair value of investment properties. The company is finalizing its annual results, which will be disclosed by the end of June 2025.
More about China Tangshang Holdings Limited.
China Tangshang Holdings Limited operates in the property development and sub-leasing investment sectors within the People’s Republic of China. The company is focused on property projects, which have been affected by market conditions.
Average Trading Volume: 368,238
Technical Sentiment Signal: Sell
Current Market Cap: HK$401.1M
For an in-depth examination of 0674 stock, go to TipRanks’ Overview page.