Xiwang Property Holdings Co., Ltd. ( (HK:2088) ) has shared an announcement.
Xiwang Property Holdings Co., Ltd. announced an expected reduction in its consolidated net loss before tax for the fiscal year 2024, estimated to be between RMB44.0 million and RMB50.0 million, compared to RMB152.1 million in 2023. This improvement is mainly due to a decrease in impairment losses related to goodwill and project prepayments. However, excluding these impairments, the company’s net loss before tax could increase significantly, highlighting ongoing financial challenges.
More about Xiwang Property Holdings Co., Ltd.
Xiwang Property Holdings Co., Ltd. is a company incorporated in Bermuda with limited liability, primarily engaged in residential real estate development projects. The company’s market focus includes projects located in Zouping City, Shandong Province, such as the Qinghe and Meijun projects.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €4.65M
Learn more about 2088 stock on TipRanks’ Stock Analysis page.