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Seazen Group Projects Decline in 2024 Profits

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Seazen Group Projects Decline in 2024 Profits

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An announcement from Seazen Group Ltd. ( (HK:1030) ) is now available.

Seazen Group Limited has announced a significant decrease in its profit for the year ending December 31, 2024, with expected profits ranging between RMB0.45 billion and RMB0.5 billion, compared to RMB0.8793 billion in 2023. This decline is attributed to reduced one-off gains from the disposal of equity and assets of its subsidiaries, highlighting potential challenges in its financial performance and implications for stakeholders.

More about Seazen Group Ltd.

Seazen Group Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. It focuses on property development and management, primarily serving the Chinese market.

YTD Price Performance: 16.48%

Average Trading Volume: 21,193,967

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$15.06B

For detailed information about 1030 stock, go to TipRanks’ Stock Analysis page.

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