China Overseas Nuoxin International Holdings Limited (HK:0464) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China In-Tech Limited has issued a profit warning, anticipating a substantial increase in net loss to HK$23.5 million for the six months ending September 2024, compared to HK$8.3 million in the same period last year. The company attributes this downturn to reduced revenue and worsening gross profit margins, primarily due to rising material and wage costs. Investors are cautioned to exercise care when dealing with the company’s shares.
For further insights into HK:0464 stock, check out TipRanks’ Stock Analysis page.