Guangzhou Automobile Group (HKG:2238) expects a 73% to 82% decline in attributable profit for the year ended Dec. 31, 2024 to between 800 million yuan and 1.2 billion yuan from 4.43 billion yuan a year prior, a Jan. 10 bourse filing said.
The automobile company attributed the anticipated drop in profit mainly to a lower sales volume of vehicles.
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