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Alltronics Holdings Issues Profit Warning Amid Declining Sales

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Alltronics Holdings Issues Profit Warning Amid Declining Sales

Alltronics Holdings ( (HK:0833) ) just unveiled an update.

Alltronics Holdings Limited has issued a profit warning, anticipating a 40% decrease in net profit for the year ending December 31, 2024, compared to the previous year. This decline is primarily due to a 20% drop in sales revenue from electronic products and changes in the fair value of financial assets. The company is still finalizing its results, and the figures are subject to change.

More about Alltronics Holdings

Alltronics Holdings Limited is a company incorporated in the Cayman Islands, operating in the electronics industry. The company focuses on the production and sale of electronic products.

YTD Price Performance: 11.36%

Average Trading Volume: 104,423

Technical Sentiment Signal: Sell

Current Market Cap: HK$231.8M

Find detailed analytics on 0833 stock on TipRanks’ Stock Analysis page.

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