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An update from Million Cities Holdings Ltd. ( (HK:2892) ) is now available.
Million Cities Holdings Limited has announced an expected decrease in its loss for the fiscal year 2024, with losses after tax anticipated to range between RMB143.0 million and RMB243.0 million, compared to RMB607.2 million in 2023. Despite a significant revenue decrease of approximately 80% to 90% due to lower sales volumes, the company attributes the reduced losses to a significant decrease in impairment provisions for its subsidiaries and associated companies. The final results are based on preliminary assessments and have not been audited.
More about Million Cities Holdings Ltd.
Million Cities Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in property development and sales. The company focuses on the sale of inventories, including properties like Million Cities Legend Phase 3 and shops in Crown Grand Court in Huizhou.
YTD Price Performance: -23.08%
Average Trading Volume: 26,571
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$150M
See more insights into 2892 stock on TipRanks’ Stock Analysis page.