Yuexiu Services Group Ltd HKEX:6626:
SEES CORE NET PROFIT TO DECLINE BY 45% TO 50% FOR YEAR
FY PROFIT ATTRIBUTABLE TO DECREASE BY 20%-25%
EXPECTED RESULT DUE TO INCREASE IN LABOUR COSTS DUE TO POLICY CHANGES IN FY, OTHERS
Yuexiu Services Sees Core Net Profit To Decline By 45% To 50% For Year
Earlier from Yuexiu Services
- Yuexiu Services Group: Stable revenue but lower net profit and margins amid real estate headwinds; strong liquidity maintained
- Yuexiu Services Group: Revenue up 20%, core net profit rises, but reported profit drops on goodwill impairment
- Yuexiu Services Group: Revenue and net profit rose, driven by value-added services and market expansion
- Yuexiu Services Group: Revenue up 29.7% and net profit up 12.1% year-over-year; interim dividend declared