Fosun Tourism Group ( (HK:1992) ) just unveiled an update.
Fosun Tourism Group has issued a profit warning indicating a potential decline in its financial performance for the year ended December 31, 2024. The company anticipates a net result ranging from a RMB50 million loss to a RMB10 million profit, a significant decrease from the RMB307.2 million profit in the previous year. This downturn is primarily attributed to reduced property sales due to the housing market downturn in China. The announcement serves as a cautionary alert to shareholders and potential investors, highlighting that the actual results may differ from the initial estimates and advising them to exercise caution when dealing with the company’s shares.
More about Fosun Tourism Group
Fosun Tourism Group is a company incorporated under the laws of the Cayman Islands, focusing on tourism-related businesses.
YTD Price Performance: -0.56%
Average Trading Volume: 9,375
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.09B
For a thorough assessment of 1992 stock, go to TipRanks’ Stock Analysis page.
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