Grandshores Technology Expects Increased Loss Amid Forex Challenges
Company Announcements

Grandshores Technology Expects Increased Loss Amid Forex Challenges

Grandshores Technology Group Limited (HK:1647) has released an update.

Grandshores Technology Group Limited has issued a profit warning, expecting to report a loss of approximately S$3.0 million for the six months ended September 2024, up from a S$1.6 million loss in the same period last year. The increase in losses is attributed to a reduction in government grants and adverse foreign exchange rate fluctuations. Investors are advised to exercise caution with shares as the company’s interim results are yet to be finalized.

For further insights into HK:1647 stock, check out TipRanks’ Stock Analysis page.

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