Shenzhen International Holdings (HKG:0152) unit, Shenzhen Expressway, expects that its 2024 net profit attributable to shareholders will range from about 1.16 billion yuan to 1.40 billion yuan, a decline up to 50% compared to last year.
The reasons for the decline in profit is due to a substantial decrease in the profit from its associate, as well as factors such as an increase in asset impairment losses and a decrease in operating profit.
The company is expected to post its final annual results in March.
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.