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AUX International Predicts Profit Surge Amid Business Changes

AUX International Predicts Profit Surge Amid Business Changes

AUX International Holdings Ltd. (HK:2080) has released an update.

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AUX International Holdings Ltd. anticipates a significant rise in profits for the six months ending September 2024, expecting an unaudited consolidated profit of approximately HK$14 million, up from HK$8.5 million in the same period last year. This increase is largely due to the cessation of its underperforming lifestyle entertainment business, which had previously resulted in substantial losses. The final interim results are expected to be released by the end of November 2024, but investors are urged to approach with caution as these figures are preliminary.

For further insights into HK:2080 stock, check out TipRanks’ Stock Analysis page.

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