Times China Holdings Forecasts Sharp Loss Increase

Times China Holdings (HK:1233) has released an update.

Times China Holdings Limited warns of a substantial net loss between RMB2.8 billion and RMB3.2 billion for the first half of 2024, a significant increase from the previous year’s RMB1.69 billion loss. The downturn is attributed to reduced revenue from project sales amidst a sluggish Chinese real estate market and a rise in asset impairment charges. Shareholders and potential investors are cautioned to exercise prudence when dealing with the company’s securities.

For further insights into HK:1233 stock, check out TipRanks’ Stock Analysis page.