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Times Neighborhood Holdings Expects Profit Turnaround in 2024

Story Highlights
  • Times Neighborhood Holdings expects a profit of at least RMB10 million for 2024.
  • The profit turnaround is due to core business performance and increased value-added services.
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Times Neighborhood Holdings Expects Profit Turnaround in 2024

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

Times Neighborhood Holdings Limited has announced a positive profit alert, expecting to record a net profit of not less than RMB10 million for the year ended December 31, 2024, compared to a net loss of approximately RMB204 million in 2023. This turnaround is attributed to the steady performance of its core business, increased revenue from value-added services, and a reduction in goodwill impairment loss. The company’s annual results are still being finalized and are expected to be announced by the end of March 2025.

More about Times Neighborhood Holdings Ltd.

Times Neighborhood Holdings Limited is a company incorporated in the Cayman Islands, operating in the property management industry. The company focuses on providing property management services and value-added services to its clients.

YTD Price Performance: -7.95%

Average Trading Volume: 875,750

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$392.9M

See more data about 9928 stock on TipRanks’ Stock Analysis page.

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