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Nation Backyard Providers shares droop in Hong Kong after revenue warning


Nation Backyard Providers Holdings Co.’s shares
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 stage since Nov. 11, in line with FactSet.

For 2022, Nation Backyard Providers’ 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 corporate 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.

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