Fosun Tourism Group (HKG:1992) expects to record between 50 million yuan in net loss and 10 million yuan in net profit for 2024, compared with a net profit of 307.2 million yuan in 2023, based on preliminary estimates.
The company attributed the deterioration of its financial performance to weaker property sales in 2024 due to the housing market downturn in China, according to a Tuesday filing with the Hong Kong Exchange.
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