SCE Holdings Projects Profit Dip Amid Economic Headwinds

SCE Intelligent Commercial Management Holdings Limited (HK:0606) has released an update.

SCE Intelligent Commercial Management Holdings Limited anticipates a decline in profit for the first half of 2024, with expected earnings ranging from RMB70 million to RMB90 million, compared to RMB140 million in the same period of the previous year. The decrease is attributed to lower revenue from high-margin value-added services and impairment of trade receivables amidst a challenging economic climate. Investors are urged to exercise caution when dealing with the company’s shares.

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