Matrix Holdings Anticipates Significant Loss

Matrix Holdings Limited (HK:1005) has released an update.

Matrix Holdings Limited has issued a profit warning, cautioning shareholders and potential investors that the Group anticipates a loss of no more than approximately HK$85 million for the six-month period ending 30 June 2024. This projected loss starkly contrasts with the modest profit of HK$0.4 million reported in the same period last year and is primarily due to a significant decline in revenue of at least 41%, attributed to tough global economic conditions. The company advises caution when dealing with its shares, as the final interim results are yet to be released on 27 August 2024.

For further insights into HK:1005 stock, check out TipRanks’ Stock Analysis page.