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Easyknit International Clarifies Financial Figures in Disposal Announcement

Story Highlights
  • Easyknit International operates in property development and investment.
  • The company clarified net loss figures for a substantial disposal, with no impact on disposal assessment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Easyknit International Clarifies Financial Figures in Disposal Announcement

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Easyknit International Holdings Ltd ( (HK:1218) ) just unveiled an announcement.

Easyknit International Holdings Limited issued a clarification announcement regarding a very substantial disposal related to a Sale and Purchase Agreement. The company corrected the disclosed net loss figures for Mark Profit for the year ended 31 March 2024, stating the net loss before taxation was approximately HK$41,453,000 and after taxation was HK$41,571,000. These changes do not affect the company’s assessment of the disposal of Sale Shares.

The most recent analyst rating on (HK:1218) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Easyknit International Holdings Ltd stock, see the HK:1218 Stock Forecast page.

More about Easyknit International Holdings Ltd

Easyknit International Holdings Limited is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange under the stock code 1218. The company operates in the investment holding industry, focusing on property development and investment, as well as securities trading.

Average Trading Volume: 59,404

Technical Sentiment Signal: Hold

Current Market Cap: HK$215.3M

For a thorough assessment of 1218 stock, go to TipRanks’ Stock Analysis page.

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