Times Neighborhood Expects Profitable Half-Year Turnaround

Times Neighborhood Holdings Ltd. (HK:9928) has released an update.

Times Neighborhood Holdings Limited, a company listed on the Hong Kong Stock Exchange, has issued a positive profit alert for the six months ended 30 June 2024, anticipating a profit of approximately RMB40 million. This turnaround is credited to the steady performance of the core business and the absence of impairment loss on goodwill, contrasting with the previous year’s significant loss. Investors are advised to exercise caution as these preliminary results are unaudited and subject to adjustments.

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