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Top Spring International Issues Profit Warning with Increased Net Loss

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Top Spring International Issues Profit Warning with Increased Net Loss

The latest announcement is out from Top Spring International Holdings Limited ( (HK:3688) ).

Top Spring International Holdings Limited, a company incorporated in the Cayman Islands, has issued a profit warning indicating that it expects to record a significant increase in net loss for the year ended 31 December 2024, compared to the previous year. The anticipated net loss of approximately HK$2 billion is primarily attributed to impairments in investments in associates and substantial fair value losses on investment properties. The company’s financial results are still being finalized, and the detailed audited annual results are expected to be published on 28 March 2025.

More about Top Spring International Holdings Limited

YTD Price Performance: -20.0%

Average Trading Volume: 96,253

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$565.1M

For a thorough assessment of 3688 stock, go to TipRanks’ Stock Analysis page.

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