Cirtek Holdings Projects Major Profit Growth

Cirtek Holdings Limited (HK:1433) has released an update.

Cirtek Holdings Limited anticipates a significant financial upturn, with expected revenue exceeding HK$260 million and a net profit after tax of at least HK$28 million for the first half of 2024. This marks a substantial improvement from the previous year’s net loss and is attributed to increased demand for apparel brands and improved gross profit margins through effective cost management. Investors are advised to await the finalized interim results due by the end of August 2024 before trading in the company’s shares.

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