Universal Technologies Holdings Limited (HK:1026) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Universal Technologies Holdings Limited has issued a supplemental announcement to its 2023 Final Results, disclosing a net loss of HK$192,709,000 for the fiscal year and net current liabilities of HK$259,801,000. Despite these challenges, the company has affirmed its going concern status, supported by unutilised banking facilities and a strong relationship with its bankers, ensuring that it can meet financial obligations in the foreseeable future.
For further insights into HK:1026 stock, check out TipRanks’ Stock Analysis page.