Redco Healthy Living Company Limited ( (HK:2370) ) just unveiled an update.
Redco Healthy Living Company Limited has issued a profit warning, anticipating a net loss of up to RMB21.0 million for the year ending December 31, 2024, compared to a net profit of RMB0.3 million in 2023. The loss is attributed to a significant decrease in revenue from value-added services due to fewer projects delivered by Redco Properties Group Limited, a controlling shareholder. Additionally, impairment losses related to goodwill and property, plant, and equipment have further impacted financial results. Stakeholders are advised to review the company’s forthcoming detailed financial results announcement.
More about Redco Healthy Living Company Limited
Redco Healthy Living Company Limited, incorporated in the Cayman Islands, operates in the health and wellness industry. The company, along with its subsidiaries, focuses on providing value-added services to property and non-property owners, including sales office management, pre-delivery inspection, cleaning services, and community healthcare services.
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Technical Sentiment Signal: Buy
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