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Cirtek Holdings Announces Positive Profit Turnaround

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Cirtek Holdings Announces Positive Profit Turnaround

Confident Investing Starts Here:

Cirtek Holdings Limited ( (HK:1433) ) has issued an announcement.

Cirtek Holdings Limited announced a positive profit alert, expecting a profit before tax of not less than HK$65.0 million for the year ended December 31, 2024, marking a significant turnaround from a loss of approximately HK$19.7 million in the previous year. This improvement is attributed to increased sales orders and enhanced production efficiency, as well as effective cost management through global resource allocation.

More about Cirtek Holdings Limited

Cirtek Holdings Limited is a company incorporated in the Cayman Islands, operating in the manufacturing industry. The company focuses on leveraging its global sales network and enhancing production efficiency through the expansion of its production bases.

YTD Price Performance: 64.00%

Average Trading Volume: 2,311,785

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$164M

For an in-depth examination of 1433 stock, go to TipRanks’ Stock Analysis page.

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