Powerlong Commercial Management (HKG:9909) expects an attributable profit of between 177.1 million yuan and 224.7 million yuan for 2024, down 50% to 61% from 453 million yuan a year prior, a March 21 filing with the Hong Kong bourse said.
The Chinese commercial operational service provider attributed the lower anticipated profit mainly to reasonable impairment provisions on certain relevant trade receivables, as well as a boost in marketing activities.
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