Kwong Luen Engineering Holdings Limited (HK:1413) 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.
FEG Holdings Corporation Limited, formerly known as Kwong Luen Engineering Holdings, has issued a profit warning for the six months ending September 2024, anticipating a consolidated loss of up to HK$7 million. This downturn is attributed to a decrease in gross profit margin and an increase in administrative expenses compared to a profit of HK$9.6 million during the same period last year. Investors are advised to exercise caution as the interim results are yet to be finalized.
For further insights into HK:1413 stock, check out TipRanks’ Stock Analysis page.