Shenzhen International Holdings ( (HK:0152) ) has provided an update.
Shenzhen International Holdings Limited has announced a positive profit alert, expecting a significant increase in profit attributable to shareholders for the year ended December 31, 2024, ranging from HK$2,800 million to HK$3,100 million, marking a 53% to 63% rise from 2023. This growth is driven by profits from the SZI South China Logistics Park Transformation Project, successful logistics hub projects injected into a REIT, and optimized currency structure of borrowings, reducing foreign exchange losses.
More about Shenzhen International Holdings
Shenzhen International Holdings Limited is a company incorporated in Bermuda, primarily engaged in logistics and infrastructure development. The company focuses on projects such as logistics parks and has been involved in transforming logistics hubs into publicly traded Real Estate Investment Trusts (REITs).
YTD Price Performance: -0.97%
Average Trading Volume: 1,999
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.21B
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