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Ruisen Life Service Reports Interim Loss Amid Trading Suspension

Story Highlights
  • Ruisen Life Service operates in the property management industry, offering comprehensive services.
  • The company reported a net loss for H1 2024, leading to a continued trading suspension.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ruisen Life Service Reports Interim Loss Amid Trading Suspension

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An update from Yincheng Life Service Co., Ltd. ( (HK:1922) ) is now available.

Ruisen Life Service Co., Limited reported its unaudited interim results for the first half of 2024, showing a decline in gross profit to RMB 140,180,000 from RMB 157,363,000 in the same period of 2023. The company faced a net loss of RMB 15,875,000, attributed to increased administrative expenses and impairment losses, impacting its financial performance and resulting in a continued suspension of trading.

More about Yincheng Life Service Co., Ltd.

Ruisen Life Service Co., Limited operates in the property management industry, providing a range of services to residential and commercial properties. The company focuses on delivering comprehensive life services to enhance the living and working environments of its clients.

Technical Sentiment Signal: Sell

Current Market Cap: HK$363.3M

For a thorough assessment of 1922 stock, go to TipRanks’ Stock Analysis page.

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