China Ting Group Issues Profit Warning for FY2024

China Ting Group Holdings Limited ( (HK:3398) ) has shared an update.

China Ting Group Holdings Limited has issued a profit warning for the fiscal year ending December 31, 2024, anticipating a significant increase in net loss compared to the previous year. The projected loss, estimated between HK$450.0 million and HK$550.0 million, is attributed to factors such as fair value loss on assets, deferred tax liabilities from new investment properties, and increased provisions for finished goods inventories. The final results are subject to change following a review by the board and external auditors, with the official announcement expected by the end of March 2025.

More about China Ting Group Holdings Limited

China Ting Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the fashion and textile industry. The company focuses on the production and sale of garments and textile products, catering to a diverse market with its range of offerings.

YTD Price Performance: -17.14%

Average Trading Volume: 194,965

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$243.6M

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