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Legend Holdings Corporation Class H ( (HK:3396) ) has provided an update.
Legend Holdings Corporation has issued a positive profit alert, indicating a significant improvement in its financial results for the year ending December 31, 2024. The company expects to report a net result ranging from a loss of RMB800 million to a profit of RMB300 million, a notable recovery from a net loss of RMB3,874 million in 2023. This improvement is attributed to substantial growth in Lenovo Group Limited’s performance and reduced investment losses due to a recovering market environment. However, the figures are preliminary and subject to adjustments, with final results expected by March 2025.
More about Legend Holdings Corporation Class H
Legend Holdings Corporation is a joint stock limited company incorporated in the People’s Republic of China. It operates through its subsidiaries, including Lenovo Group Limited, focusing on industrial operations and investment segments.
YTD Price Performance: 23.87%
Average Trading Volume: 3,741,740
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$23.23B
For a thorough assessment of 3396 stock, go to TipRanks’ Stock Analysis page.