Longfor Group Expects 20% Drop in 2024 Profit

MT Newswires Live

2025/03/13

Longfor Group (HKG:0960) expects its attributable profit for 2024 to fall by 20% from 12.9 billion yuan a year prior, a Wednesday filing with the Hong Kong bourse said.

The firm attributed the projected lower profit mainly to a decline in revenue and gross profit margin from the property development segment.

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