Beijing North Star to Swing to Loss in 2024

MT Newswires Live

2025/01/17

Beijing North Star (HKG:0588) expects an attributable loss of between 2.41 billion yuan and 3.05 billion yuan for 2024, compared with an attributable profit of 140.4 million yuan in 2023, a Friday bourse filing said.

The property manager attributed the forecast to a decline in the settlement area due to a decrease in its real estate business' development scale and sales volume, leading to lower revenue.

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