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Analogue Holdings Limited ( (HK:1977) ) has issued an announcement.
Analogue Holdings Limited has issued a profit warning, indicating a projected decrease in consolidated profit for FY2024 by approximately 44% to 48% from the previous year. However, after adjusting for one-off gains, provisions, and relocation expenses, the adjusted profit shows an increase of around 7.5% to 9.4% compared to FY2023. The company recognized an expected credit loss provision due to risks associated with receivables and contract assets, and incurred relocation expenses to a new headquarters to improve business synergy. The final audited results are yet to be published, and stakeholders are advised to exercise caution.
More about Analogue Holdings Limited
Analogue Holdings Limited operates in the construction sector, focusing on project re-financing, contract novation, and addressing workforce concerns. The company is involved in various reorganizations within the industry to enhance its operational efficiency.
YTD Price Performance: -10.11%
Average Trading Volume: 299,043
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.12B
See more data about 1977 stock on TipRanks’ Stock Analysis page.