tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Cirtek Holdings Projects Major Profit Growth

Cirtek Holdings Projects Major Profit Growth

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

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1