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AustAsia Group Limited. ( (HK:2425) ) just unveiled an announcement.
AustAsia Group Limited has issued a profit warning, expecting a significant increase in net losses for the fiscal year 2024, primarily due to a revaluation loss and declining selling prices of raw milk and beef cattle. Despite these challenges, the company has achieved impressive cost reductions and an improvement in milk yield efficiency, which may help mitigate some financial impacts and maintain its industry positioning.
More about AustAsia Group Limited.
AustAsia Group Limited operates in the agricultural industry, primarily focusing on the production and sale of raw milk and beef cattle. The company is listed on the Hong Kong Stock Exchange and has implemented cost-saving measures to enhance operational efficiency, despite facing challenges in market prices.
YTD Price Performance: 16.16%
Average Trading Volume: 69,182
Technical Sentiment Consensus Rating: Hold
See more data about 2425 stock on TipRanks’ Stock Analysis page.
