Hung Hing Printing Expects Mid-Yr Loss

Hung Hing Printing Group Restricted (HK:0450) has launched an replace.

Hung Hing Printing Group Restricted has issued a revenue warning, alerting shareholders and potential buyers that the corporate is predicted to submit a lack of roughly HK$4 million for the six-month interval ending 30 June 2024. This projected loss contrasts sharply with the HK$82 million revenue reported in the identical interval the earlier 12 months, primarily because of the absence of a one-off earnings of HK$90 million from land resumption in Wuxi, China, that had boosted earnings final 12 months. The corporate advises warning in share dealings and anticipates publishing the interim outcomes by the top of August 2024.

For additional insights into HK:0450 inventory, take a look at TipRanks’ Inventory Evaluation web page.

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