YTO International Express and Supply Chain Technology Limited ( (HK:6123) ) just unveiled an update.
YTO International Express and Supply Chain Technology Limited has issued a profit warning, indicating an expected net loss between HK$37 million and HK$46 million for the year ending December 31, 2024, compared to a net profit of HK$96.5 million in 2023. The loss is attributed to decreased gross margins in air freight and international express services due to challenging macroeconomic conditions and strategic resource reallocations, including withdrawal from non-major joint ventures. Despite these challenges, the company has been adjusting its business strategies to improve operational quality.
More about YTO International Express and Supply Chain Technology Limited
YTO International Express and Supply Chain Technology Limited, incorporated in the Cayman Islands, operates in the logistics and supply chain industry, focusing on air freight and international express services.
YTD Price Performance: -2.61%
Average Trading Volume: 161,322
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$468.1M
See more data about 6123 stock on TipRanks’ Stock Analysis page.
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