Greenland Hong Kong Holdings (DE:QFRA) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Greenland Hong Kong Holdings Limited cautions shareholders of an anticipated loss between RMB400 million to RMB600 million for the first half of 2024, a stark contrast to the profit of RMB81.9 million in the same period the previous year. This projected loss is primarily due to reduced property deliveries, lower gross profit margins in real estate, and increased fair value loss of investment properties. The company urges shareholders and potential investors to exercise caution when dealing with its shares.
For further insights into DE:QFRA stock, check out TipRanks’ Stock Analysis page.
