Midea Real Estate Holding Limited ( (HK:3990) ) has shared an announcement.
Midea Real Estate Holding Limited has issued a supplemental announcement regarding a significant expected financial loss for the year ending December 31, 2024. The company anticipates a loss attributable to owners ranging from RMB1,985 million to RMB2,085 million, primarily due to property impairment linked to a distribution in specie. Despite this, the retained businesses are projected to show steady growth with a core net profit between RMB450 million and RMB550 million, indicating stable and healthy operations.
More about Midea Real Estate Holding Limited
Midea Real Estate Holding Limited is a company incorporated in the Cayman Islands, primarily operating in the real estate sector. The company engages in various businesses including property management services, commercial property and industrial park operations, real estate technology, and construction project management.
YTD Price Performance: -5.26%
Average Trading Volume: 4,261
Technical Sentiment Signal: Sell
Current Market Cap: €521.3M
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