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The latest update is out from Leading Holdings Group Limited ( (HK:6999) ).
Leading Holdings Group Limited has issued a profit warning, indicating an expected net loss between RMB2,200 million and RMB2,400 million for the year ending December 31, 2024, compared to a net loss of RMB985.538 million in the previous year. This anticipated increase in net loss is attributed to a lower gross profit margin due to the ongoing downturn in the real property industry, a decrease in the fair value of investment properties, and an impairment provision for outstanding receivables amid a challenging macroeconomic environment.
More about Leading Holdings Group Limited
Leading Holdings Group Limited is a company incorporated in the Cayman Islands, primarily operating in the real property industry. The company focuses on property development and investment, with a market presence that is significantly influenced by the macroeconomic conditions affecting the real estate sector.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €14.99M
For a thorough assessment of 6999 stock, go to TipRanks’ Stock Analysis page.