Nation Backyard Providers shares hunch in Hong Kong after revenue warning

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Nation Backyard Providers Holdings Co.’s shares
6098,
-7.48%
slumped Monday after the corporate issued a revenue alert for 2022.

Shares have been lately 9.0% decrease at 14.60 Hong Kong {dollars} (US$1.86) after earlier touching HK$14.22, the bottom intraday degree since Nov. 11, based on FactSet.

For 2022, Nation Backyard Providers’ unaudited revenue earlier than tax, internet revenue and internet 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 change late Friday.

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

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