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Hevol Services Group Issues Profit Warning Amid Rising Expenses

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Hevol Services Group Issues Profit Warning Amid Rising Expenses

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Hevol Services Group Co. Limited ( (HK:6093) ) has provided an announcement.

Hevol Services Group Co. Limited has issued a profit warning, anticipating a 25% to 35% decrease in net profit after tax for the year ending December 31, 2024, compared to the previous year. This decline is attributed to increased marketing expenses aimed at expanding management areas and higher provisions for credit impairment of trade receivables. The announcement is based on unaudited management accounts, and actual results may vary. Stakeholders are advised to exercise caution when dealing with the company’s securities.

More about Hevol Services Group Co. Limited

Hevol Services Group Co. Limited is incorporated in the Cayman Islands and operates in the property management industry. The company focuses on providing property management services, with an emphasis on expanding its management areas through increased marketing efforts.

YTD Price Performance: -2.88%

Average Trading Volume: 15,789

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$756M

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