ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jul 27, 2020 23:10 JST
Source:
Redsun Services Group Limited
Redsun Services Group Limited Announces Positive Profit Alert for 2020 Interim
Expects to increase not less than 50% in the adjusted profit attributable to equity owners of the Company
HONG KONG, Jul 27, 2020 - (ACN Newswire) - Redsun Services Group Limited ("Redsun Services" or the "Group", stock code 1971), a fast-growing comprehensive community services provider focusing on the Yangtze River Delta, today announces the Group is expected to record an increase of not less than 50% in the adjusted profit attributable to equity owners of the Company (which is a non-HKFRS measurement and is calculated by excluding the effect of one-off listing expenses) during the six months ended 30 June 2020 as compared to that of the same period of last year.
Redsun Services recorded a substantial increase for its interim profit is mainly attributable to (i) the increase in the number of the Group's projects under management; and (ii) the increase in income from value-added services to non-property owners and community value-added services.
Despite the challenging business environment under the COVID19 pandemic, Redsun Services still recorded encouraging results, fully demonstrates its solid business foundation and excellent prospects. Shortly after the successful listing of the Group in July, the positive profit alert announced today posted another joy for the Group. In the future, the Group will continue to execute the strategy to "penetrate Jiangsu province, explore the Yangtze River Delta and expand into urban agglomerations", strengthening its leading position in Jiangsu province and expanding into selected key urban agglomerations and leveraging its current position in cities to explore neighborhood areas. It also plans to evaluate suitable acquisition opportunities in the Yangtze River Delta, Southwest China, South China and Central China.
About Redsun Services Group Limited
Established in Nanjing in 2003, Redsun Services Group Limited is a fast-growing comprehensive community service provider focusing on the Yangtze River Delta. With a vision of "making lives warmer," the Group has provided and endeavor to continue to "provide customers with high-quality services with sincerity" to serve its customers. The Group has established the regional leading position in the property management market of Jiangsu province and is well-recognised nationwide. The Group was recognized as one of the Top 100 Property Management Companies by CIA for four consecutive years since 2017 and ranked 25th among the 2020 Top 100 Property Management Companies in terms of overall strength.
Source: Redsun Services Group Limited
Sectors: Daily Finance, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
More Latest Release >>
Related Release
REDSUN SERVICES's 2022 Interim Profit Attributable to Equity Shareholders Increases 15.8% to RMB69.3 million
August 23 2022 22:28 JST
REDSUN SERVICES's 2021 Annual Profit Attributable to Equity Shareholders Increases 42.6% to RMB128.0 million as compared with the Adjusted Figure in the Last Year
March 25 2022 10:30 JST
Redsun Services is given "Buy" Rating by CEB International
August 24 2021 18:11 JST
Redsun Services is given "Buy" and "Outperform" Rating by CMB International and CCB International
August 23 2021 14:54 JST
Redsun Services 1H2021 Profit Attributable to Equity Shareholders Surges 60.4% to RMB59.8 Million
August 19 2021 21:41 JST
Redsun Properties and Redsun Services again garner "China Property Award of Supreme Excellence" and "Quality Property Management Award"
July 28 2021 19:21 JST
Redsun Services Acquires 80% Equity Interest in Each of Gaoli Property and Jiangsu Gaoli Meijia for RMB73.54 Million
April 21 2021 00:08 JST
Redsun Services is given 'Outperform' and 'Buy' Rating by CCB International and CMB International
March 25 2021 17:49 JST
Redsun Services 2020 Adjusted Profit Surges 63.5% to RMB93.3 Million, GFA Under Property Management Services Increases 71.4% to 27.0 Million sq.m.
March 23 2021 22:56 JST
CCB International Believes Redsun Services' Recent M&A will Strengthen its Central China and Non-Residential Exposure
January 05 2021 10:57 JST
More Press release >>