An update from Sing Tao News Corporation Limited ( (HK:1105) ) is now available.
Sing Tao News Corporation Limited has issued a profit warning, anticipating a significant increase in losses for the year ending December 31, 2024, with an expected loss of approximately HK$85 million compared to HK$49 million in 2023. The increased losses are attributed to the absence of one-off US Government grants received in 2023 and a decline in total revenue due to unfavorable market conditions. The final audited results may vary, and stakeholders are advised to exercise caution.
More about Sing Tao News Corporation Limited
Sing Tao News Corporation Limited is a media company incorporated in Bermuda, primarily engaged in publishing and distributing newspapers and magazines. The company operates in the media industry, focusing on providing news and information services to its audience.
YTD Price Performance: 15.91%
Average Trading Volume: 255,422
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$224.5M
For an in-depth examination of 1105 stock, go to TipRanks’ Stock Analysis page.