China Aerospace International Holdings Limited (HK:0031) has released an update.
China Aerospace International Holdings Limited has issued a profit warning, anticipating a net loss of HK$40 to HK$70 million for the first half of 2024, a stark contrast to the HK$55.065 million profit in the same period of 2023. Despite the expected loss, the company forecasts a 5% revenue increase to approximately HK$1.8 billion. This downturn is attributed primarily to a significant loss in the fair value of investment properties.
For further insights into HK:0031 stock, check out TipRanks’ Stock Analysis page.
