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Tianjin Construction Development Group Co., Ltd. Class H ( (HK:2515) ) has provided an announcement.
Tianjin Construction Development Group Co., Ltd. has issued a profit warning, indicating an expected decrease in net profit for the fiscal year 2024 by 44% to 52% compared to 2023. This decline is attributed to reduced revenue from lower average contract amounts, increased operating and administrative expenses, and higher impairment losses on trade receivables and contract assets.
More about Tianjin Construction Development Group Co., Ltd. Class H
Tianjin Construction Development Group Co., Ltd. operates in the construction industry, focusing on construction projects and related services. The company is based in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 44.78%
Average Trading Volume: 219,333
Technical Sentiment Consensus Rating: Strong Buy
Learn more about 2515 stock on TipRanks’ Stock Analysis page.