IDG Energy Investment Limited (HK:0650) has released an update.
Productive Technologies Company Limited has issued a profit warning, indicating an expected net loss of HK$347.5 million for FY2023, despite an increase in revenue from its equipment business. The loss is primarily due to significant R&D and administrative expenses, including non-cash expenses related to recent acquisitions in the semiconductor and solar industries. The Board remains optimistic about the future, particularly in the semiconductor sector, and advises shareholders and potential investors to exercise caution when dealing with the company’s securities.
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