China Bozza Development Holdings Limited (HK:1069) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
China Bozza Development Holdings Limited has reported a significant discrepancy in their financial performance compared to their previous profit forecast, with revenue and gross profit falling short by 48.9% and 88.0% respectively, while net profit before tax surged by 639.3%. Factors affecting the results include unexpected demand in forestry management, quality issues and delays in ginseng trading, and postponements in ginseng harvesting. Despite the revenue shortfall, a substantial gain was recorded due to fair value gains on biological assets and recognized gains on debt restructuring.
For further insights into HK:1069 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue