Yongda Automobiles Warns of Swing to 2025 Loss; Shares Slide 7%

MT Newswires Live

03/16

China Yongda Automobiles Services (HKG:3669) expects an attributable loss of between 300 million yuan and 330 million yuan for the year 2025, compared with an adjusted attributable profit of between 250 million yuan and 280 million yuan a year prior, according to a March 13 Hong Kong bourse filing.

Shares of the vehicle distributor were down over 7% in Monday afternoon trading.

The forecast was affected by a substantial decrease in the gross profit of new vehicle sales and related services.

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