Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Alco Holdings ( (HK:0328) ) just unveiled an announcement.
Alco Holdings Limited has issued a profit warning, indicating an expected loss of HKD60 million to HKD70 million for the financial year ending March 31, 2025. This marks a significant downturn from the previous year’s profit of HKD592 million, primarily due to the absence of a one-off gain and decreased revenue and gross profit amid intense price competition. The results are still subject to internal review and confirmation, with a final announcement expected by June 30, 2025.
More about Alco Holdings
Alco Holdings Limited is a company incorporated in Bermuda, operating with its subsidiaries as a group. It is listed on the Hong Kong Stock Exchange and is involved in industries that face keen price competition, which impacts its revenue and gross profit.
Average Trading Volume: 1,656,923
Technical Sentiment Signal: Sell
Current Market Cap: HK$37.23M
For a thorough assessment of 0328 stock, go to TipRanks’ Stock Analysis page.