Brief: Country Garden Services Announces Asset Impairment For FY

Country Garden Services Holdings

13/01/2025 15:06

Jan 13 (Reuters) - Country Garden Services Holdings Co
Ltd  6098.HK :
    * INSIDE INFORMATION ASSET IMPAIRMENT
    * IMPAIRMENT PROVISIONS FROM RMB800 MILLION TO RMB1,100
MILLION
ARE TO BE MADE FOR ASSET WITH IMPAIRMENT FOR TWELVE MONTHS
    * SEES FY NET CASH GENERATED FROM OPERATING ACTIVITIES
RMB3,300
MILLION TO RMB4,300 MILLION
    * EXPECTS NET PROFIT OF GROUP FOR FINANCIAL YEAR ENDED 31
DECEMBER
2024 WILL DECREASE BY RMB800 MILLION TO RMB1,100 MILLION
    * EXPECTED DECREASE IN FY NET PROFIT DUE TO IMPAIRMENT OF
GOODWILL
AND OTHER INTANGIBLE ASSETS

Further company coverage:  6098.HK 

 ((Reuters.Briefs@thomsonreuters.com;))