Ever Reach Group Holdings Co., Ltd. (HK:3616) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Ever Reach Group Holdings Co., Ltd. has announced a profit warning for FY2023, expecting a significant drop in profit despite a rise in revenue, mainly due to increased costs and tax expenses. The company also anticipates a loss for the first half of 2024, with trading of its shares remaining suspended. Investors are advised to be cautious as the company works towards fulfilling the necessary resumption requirements.
For further insights into HK:3616 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue