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An announcement from Contel Technology Company Limited ( (HK:1912) ) is now available.
Contel Technology Company Limited has issued a profit warning, indicating an expected consolidated net loss of USD11.5 million to USD13.0 million for the fifteen months ending March 2025. This represents an increase in net loss compared to the previous twelve-month period ending December 2023. The increase is attributed to impairment losses on non-current assets, amortization of intangible assets, and expected credit losses on trade receivables due to economic fluctuations, as well as a change in the financial year-end date. Despite these losses being non-cash in nature, stakeholders are advised to exercise caution.
More about Contel Technology Company Limited
Contel Technology Company Limited operates in the technology industry, focusing on providing innovative technology solutions. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 440,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$87.85M
For an in-depth examination of 1912 stock, go to TipRanks’ Overview page.