Bojun Education Company Limited (HK:1758) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Bojun Education Company Limited has issued a profit warning, revealing an expected net loss of approximately RMB36.7 million to RMB44.8 million for the year ending August 31, 2024, compared to a net profit of RMB51.0 million the previous year. This downturn is largely due to a substantial increase in finance costs, primarily from borrowings for constructing a new school campus. Investors are advised to exercise caution as the final financial results will be announced on November 28, 2024.
For further insights into HK:1758 stock, check out TipRanks’ Stock Analysis page.