tiprankstipranks
Company Announcements

Perfect Group Issues Profit Warning Amid Sector Challenges

Story Highlights
Perfect Group Issues Profit Warning Amid Sector Challenges

The latest update is out from Perfect Group International Holdings Ltd. ( (HK:3326) ).

Perfect Group International Holdings Limited has issued a profit warning, anticipating a significant decrease in profit for FY2024 by approximately 60% to 80% compared to FY2023. This decline is attributed to impairment losses in its property business and weak performance in its jewellery segment, partially offset by growth in its photovoltaic power generation projects. The final audited results are pending, and stakeholders are advised to exercise caution.

More about Perfect Group International Holdings Ltd.

Perfect Group International Holdings Limited, incorporated in the Cayman Islands, operates in the property and jewellery sectors, with a focus on the jewellery industry and expanding interests in photovoltaic power generation.

YTD Price Performance: -3.16%

Average Trading Volume: 118,758

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$245.9M

For a thorough assessment of 3326 stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App