Tungtex Warns of Increased Loss Amid Rising Costs

Tungtex (Holdings) Co (HK:0518) has released an update.

Tungtex (Holdings) Company Limited has issued a profit warning, anticipating a loss of up to HK$16 million for the six months ending September 2024, driven by pricing pressures and increased production costs. This marks an increase from the HK$11 million loss recorded in the same period last year. Investors are advised to remain cautious as the company finalizes its interim results.

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