Cirtek Holdings Limited (HK:1433) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into HK:1433 stock, check out TipRanks’ Stock Analysis page.