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Landsea Green Life Service Issues Profit Warning for 2024

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Landsea Green Life Service Issues Profit Warning for 2024

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Landsea Green Life Service Company Limited ( (HK:1965) ) has issued an update.

Landsea Green Life Service Company Limited has issued a profit warning, indicating an expected net loss after tax for the year ending December 31, 2024, ranging from RMB290 million to RMB340 million. This anticipated loss is significantly higher than the previous year’s net loss of RMB135 million and is primarily due to increased impairment losses on accounts receivable and goodwill. The company is in the process of finalizing its audited consolidated annual results, which are expected to be announced in late March 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares and securities.

More about Landsea Green Life Service Company Limited

Landsea Green Life Service Company Limited, incorporated in the Cayman Islands, operates within the service industry, focusing on providing green life services. The company is listed on the Hong Kong Stock Exchange under stock code 1965.

YTD Price Performance: -7.89%

Average Trading Volume: 122,571

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$71.88M

Learn more about 1965 stock on TipRanks’ Stock Analysis page.

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