tiprankstipranks
Trending News
More News >

C-Link Squared Limited Issues Profit Warning Amid Increased Impairment Losses

Story Highlights
C-Link Squared Limited Issues Profit Warning Amid Increased Impairment Losses

Don’t Miss TipRanks’ Half-Year Sale

C-Link Squared Limited ( (HK:1463) ) has provided an update.

C-Link Squared Limited has issued a profit warning, indicating an expected consolidated net loss of approximately RM21.0 million for the fiscal year ending December 31, 2024, compared to a RM4.2 million loss in the previous year. This increase in net loss is mainly due to impairment losses of goodwill related to its cash-generating unit in China, partially offset by reduced staff costs. The financial results are still being finalized and are subject to adjustments, with the final results expected to be published by the end of March 2025.

More about C-Link Squared Limited

C-Link Squared Limited is a company incorporated in the Cayman Islands, primarily engaged in providing internet hospital and brick-and-mortar clinical services in the People’s Republic of China.

YTD Price Performance: -31.11%

Average Trading Volume: 280,730

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$623.7M

Learn more about 1463 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1