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Carry Wealth Holdings Limited ( (HK:0643) ) has issued an update.
Carry Wealth Holdings Limited has issued a profit warning, indicating that despite an expected increase in revenue, the company anticipates a significant loss of approximately HK$33.8 million for the year ending December 2024, compared to a loss of HK$8.9 million in the previous year. This projected loss is primarily due to one-off redundancy costs and idle costs related to the cessation of production at the Heshan factory, increased depreciation expenses from new assets, and higher handling fees paid to subcontractors due to increased overseas production volumes.
More about Carry Wealth Holdings Limited
YTD Price Performance: -44.38%
Average Trading Volume: 697,948
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$155.7M
See more data about 0643 stock on TipRanks’ Stock Analysis page.