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Peking University Resources Holdings Co. Ltd. ( (HK:0618) ) just unveiled an announcement.
Peking University Resources Holdings Co. Ltd. has issued a profit warning, anticipating a significant loss of between RMB2,400 million and RMB2,600 million for the fiscal year ending March 2025. This expected loss is attributed to a decrease in gross profit from property sales, increased provisions for guarantee liabilities and litigation, and impairment of properties due to declining market conditions. The announcement suggests a challenging financial period for the company, impacting its stakeholders and market positioning.
More about Peking University Resources Holdings Co. Ltd.
Peking University Resources Holdings Co. Ltd. operates in the property development industry, focusing on real estate projects. The company is involved in property sales and development, catering to various market segments.
Average Trading Volume: 691,748
Technical Sentiment Signal: Sell
Current Market Cap: HK$344.9M
For an in-depth examination of 0618 stock, go to TipRanks’ Overview page.