The latest update is out from CROSSTEC Group Holdings Ltd. ( (HK:3893) ).
CROSSTEC Group Holdings Ltd. has issued a profit warning, indicating an expected net loss ranging from HK$12.4 million to HK$13.7 million for the six months ended December 31, 2024, compared to a net profit of HK$6.7 million in the same period of the previous year. This shift is attributed to the absence of non-recurring gains from the previous period, such as reversals of contract costs and expected losses on onerous contracts, along with gains from early lease termination. These developments may impact investor sentiment and reflect a challenging period for the company.
More about CROSSTEC Group Holdings Ltd.
CROSSTEC Group Holdings Ltd. is a company incorporated in the Cayman Islands with limited liability. It operates in industries focused on design and project management services, primarily targeting interior design and fitting-out services in various market sectors.
YTD Price Performance: -39.58%
Average Trading Volume: 293,104
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$45.88M
For a thorough assessment of 3893 stock, go to TipRanks’ Stock Analysis page.