The latest update is out from Longfor Group Holdings ( (HK:0960) ).
Longfor Group Holdings Limited has issued a profit warning, indicating a significant decrease in its financial performance for the year ended December 31, 2024. The company expects a 35% to 40% drop in core net profit attributable to shareholders compared to the previous year, primarily due to a decline in revenue and gross profit margin in its property development segment. This announcement suggests potential challenges for the company’s operations and could impact investor confidence.
More about Longfor Group Holdings
Longfor Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in property development. It operates in the real estate industry, focusing on the development and management of residential, commercial, and mixed-use properties.
YTD Price Performance: -9.52%
Average Trading Volume: 21,800
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $9.36B
See more data about 0960 stock on TipRanks’ Stock Analysis page.