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Continental Aerospace Technologies Holding Ltd. ( (HK:0232) ) has shared an announcement.
Continental Aerospace Technologies Holding Limited has issued a profit warning, expecting a significant decrease in profit after tax for the year ended December 31, 2024, primarily due to challenges faced during the implementation of a new ERP system in its U.S. subsidiary. Despite these challenges, the company has restored its production delivery capacity in the second half of the year, leading to improved order deliveries compared to the previous year. The company remains optimistic about maintaining stable growth in business results due to sufficient order volumes and enhanced production efficiency.
More about Continental Aerospace Technologies Holding Ltd.
Continental Aerospace Technologies Holding Limited is a company operating in the aerospace industry, focusing on the production and delivery of aerospace technologies. The company has a significant market presence, particularly in the United States, where it has been implementing new enterprise resource planning systems to enhance its operational efficiency.
YTD Price Performance: 9.09%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €118.5M
For a thorough assessment of 0232 stock, go to TipRanks’ Stock Analysis page.