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S-Enjoy Service Group Co., Ltd. ( (HK:1755) ) has provided an update.
S-Enjoy Service Group Co., Ltd. has issued a profit warning, indicating an expected net loss of RMB700 million to RMB900 million for the year ending December 31, 2024. The loss is attributed to increased provisions for credit impairment losses and the impairment of goodwill and other intangible assets due to intensified industry competition and challenging economic conditions. Despite these challenges, the company maintains that its core business operations remain robust with sound cash flow. Shareholders and potential investors are advised to exercise caution and await the audited financial results expected in March 2025.
More about S-Enjoy Service Group Co., Ltd.
S-Enjoy Service Group Co., Ltd. operates in the service industry, focusing on providing property management services. The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange.
YTD Price Performance: 10.39%
Average Trading Volume: 621,799
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2.96B
For detailed information about 1755 stock, go to TipRanks’ Stock Analysis page.