Country Garden Services shares stoop in Hong Kong after revenue warning

Country Garden Services Holdings Co.’s shares
6098,
-7.48%
slumped Monday after the corporate issued a revenue alert for 2022.

Shares have been not too long ago 9.0% decrease at 14.60 Hong Kong {dollars} (US$1.86) after earlier touching HK$14.22, the bottom intraday stage since Nov. 11, in response to FactSet.

For 2022, Country Garden Services’ unaudited revenue earlier than tax, web revenue and web revenue attributable to shareholders are anticipated to fall by about 34%-40%, 45%-51% and 51%-57%, respectively, the residential property-management service supplier stated in a submitting to the Hong Kong inventory alternate late Friday.

The firm additionally stated its consolidated income and core web revenue attributable to shareholders for 2022 are anticipated to rise by greater than 40% and 5%, respectively.

Source web site: www.marketwatch.com

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