LANDSEA MGMT (01269) Issues Profit Warning, Expects Interim Loss to Narrow Year-on-Year to Between RMB 10-80 Million
Stock News
Aug 15
LANDSEA MGMT (01269) announced that the company expects to record a pre-tax loss of approximately RMB 10 million to RMB 80 million for the six months ended June 30, 2025, compared to a pre-tax loss of approximately RMB 247 million for the six months ended June 30, 2024. The reduction in pre-tax loss for the six months ended June 30, 2025, was primarily attributable to (i) increased sales and gross profit from the automotive parts business; and (ii) foreign exchange gains resulting from the appreciation of the Renminbi.
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