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Moody Technology Holdings Projects Significant Reduction in Net Loss for 2024

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Moody Technology Holdings Limited ( (HK:1400) ) has shared an announcement.

Moody Technology Holdings Limited, a company listed on the Hong Kong Stock Exchange, has announced an expected decrease in its net loss for the financial year ending December 31, 2024. The anticipated net loss is projected to be between RMB95 million and RMB100 million, significantly reduced from the previous year’s net loss of approximately RMB816.3 million. This improvement is largely due to the absence of a one-off, non-cash loss recognized in 2023 related to the issuance of Scheme Shares, as well as losses from the write-off and disposal of certain assets in 2024.

More about Moody Technology Holdings Limited

YTD Price Performance: 70.0%

Average Trading Volume: 28,044,738

Technical Sentiment Signal: Buy

Current Market Cap: HK$64.63M

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