Evergrande Property Services Group Ltd. (HK:6666) has released an update.
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Evergrande Property Services Group Ltd has issued a profit warning, projecting a 37% decrease in net profit despite a slight revenue increase for the first half of 2024. The decline is attributed to higher service quality investments, legal expenses, bad debt losses, and a conservative revenue recognition approach for high-risk customers. The company reassures investors with an improved financial position, showing increased monetary funds and net assets.
For further insights into HK:6666 stock, check out TipRanks’ Stock Analysis page.