Neway Group Holdings Limited (HK:0055) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Neway Group Holdings Limited has issued a profit warning, expecting a loss of HK$35.0 million to HK$50.0 million for the first half of 2024, showing an improvement from the HK$57.3 million loss in the first half of 2023. The company attributes the loss primarily to fair value losses on trading investments and investment properties, as well as from property development and manufacturing sales segments. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s shares.
For further insights into HK:0055 stock, check out TipRanks’ Stock Analysis page.