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PT International Anticipates Narrower Annual Loss

PT International Anticipates Narrower Annual Loss

PT International Development Corporation Limited (HK:0372) has released an update.

PT International Development Corporation Limited has released a profit warning, expecting to declare a loss of not less than HK$89 million for the financial year ending March 31, 2024. This anticipated loss represents a significant improvement over the previous year’s HK$360 million loss, attributed to reduced impairment losses in the petrochemical segment and an increase in investment gains. Shareholders and potential investors are cautioned to await the audited annual results before making investment decisions.

For further insights into HK:0372 stock, check out TipRanks’ Stock Analysis page.

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