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Hang Sang (Siu Po) Foresees Major Loss Reduction

Hang Sang (Siu Po) Foresees Major Loss Reduction

Hang Sang (Siu Po) International Holding Co. Ltd. (HK:3626) has released an update.

Hang Sang (Siu Po) International Holding Co. Ltd. anticipates a substantial reduction in its annual loss to not more than HK$3.0 million for FY 2024 from HK$26.0 million the previous year, primarily due to no impairment losses, gains from asset disposals, improved business performance, and a new restaurant venture. The information is based on preliminary unaudited accounts and is subject to confirmation with the full results announcement due on 27 September 2024. Investors are cautioned to await the official financial results before trading in the company’s shares.

For further insights into HK:3626 stock, check out TipRanks’ Stock Analysis page.

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