CNQC International Holdings (HKG:1240) expects a minimum attributable profit of HK$40 million for 2024, against an attributable loss of HK$490 million in 2023, a Friday bourse filing said.
The property developer attributed the expected turnaround to an increase in overall gross profit margins resulting from an increase in revenue, construction project and the optimization of construction costs, and a decrease in Finance and administrative expenses,
Shares closed over 1% lower on Friday.
Price (HKD): $0.17, Change: $-0.0020, Percent Change: -1.18%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.