CROSSTEC Group Holdings Ltd. (HK:3893) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
CROSSTEC Group Holdings Limited anticipates a significant reduction in its consolidated net loss for the fiscal year ending June 30, 2024, with expected losses between HK$11.8 million and HK$13.1 million, a marked improvement from the previous year’s HK$53.6 million loss. This positive shift is primarily due to a series of beneficial developments including a transition from gross loss to profit, decreased impairment losses, a gain from early lease termination, and reduced administrative expenses. The final financial details are pending release by September 2024 following an audit and review.
For further insights into HK:3893 stock, check out TipRanks’ Stock Analysis page.