Huabang Technology Holdings Limited (HK:3638) has released an update.
Huabang Technology Holdings Limited anticipates a significant financial turnaround, projecting a profit of HK$11 million to HK$16 million for the fiscal year ending March 31, 2024, compared to a loss in the previous year. This positive shift is attributed to increased gross profits, reduced credit loss provisions, and the absence of goodwill impairment losses. Shareholders and potential investors are cautioned that these preliminary figures are subject to final adjustments and will be fully detailed in the annual results announcement by the end of June 2024.
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