Maxicity Holdings Forecasts Profit Drop

Maxicity Holdings Limited (HK:2295) has released an update.

Maxicity Holdings Limited has issued a profit warning, indicating an expected decline in net profit, falling by approximately HK$1.3 million to HK$2.0 million for the first half of 2024, as compared to the same period in the previous year. The company attributes the decrease primarily to increased service costs and reduced revenue due to upfront costs for new construction projects. Investors are urged to exercise caution and await the detailed interim results announcement scheduled for 26 August 2024.

For further insights into HK:2295 stock, check out TipRanks’ Stock Analysis page.