02107

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[Corporate Profit Warning] FIRST SERVICE expects last year's losses to expand to no more than 40 million RMB

etnet

Mar 17 at 07:48 PM

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According to a report from the Economic Information Agency on the 18th, FIRST SERVICE announced that it expects a loss of no more than RMB 40 million for the year ending December 31 last year, an increase from a loss of RMB 6.3 million in 2024. The group stated that the loss increase is due to the impairment loss recognized because the performance of the acquired Qingdao Luohang did not meet expectations. The group expects to announce its results by the end of March. (wh)

According to a report from Economic Information Agency on the 18th, FIRST SERVICE (02107) announced that it expects a loss of no more than RMB 40 million for the year ending December 31 last year, an increase from a loss of RMB 6.3 million in 2024.

The group stated that the loss increase is due to the impairment loss recognized as a result of the underperformance of the acquired Qingdao Luohang.

The group expects to announce its performance by the end of March. (wh)

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