Daido Group Limited ( (HK:0544) ) has provided an update.
Daido Group Limited has issued a profit warning, anticipating a net loss of at least HK$40 million for the year ending December 2024, compared to a net profit of approximately HK$5.67 million in 2023. The expected loss is attributed to a significant decrease in revenue from its cold storage and food and beverage trading services due to challenging macroeconomic conditions and the absence of a one-off gain from a subsidiary disposal recorded in the previous year.
More about Daido Group Limited
Daido Group Limited is a company incorporated in Bermuda, operating primarily in the cold storage and related services industry, as well as trading and sales of food and beverages, particularly in Mainland China.
YTD Price Performance: -44.44%
Average Trading Volume: 314,878
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$14.51M
For an in-depth examination of 0544 stock, go to TipRanks’ Stock Analysis page.